Check my work Long-term liabilities: Notes payable Stockholders' equity! Common stock Retained earnings Total liabilities and stockholders' equity 287,000 227,000 302,000 229,800 $909,200 302,000 131, 840 $761,240 Required: Assuming that all sales were on account, calculate the following risk ratios for 2021. (Use 365 days a year. Round your final answers to 1 decimal place.) times days times Risk Ratios 1. Receivables turnover ratio 2. Average collection period 3. Inventory turnover ratio 4. Average days in inventory 5. Current ratio 6. Acid-test ratio 7. Debt to equity ratio 8. Times interest eamed ratio days to 1 to 1 % times The income statements for Federer Sports Apparel for 2022 and 2021 are presented below. Required: Prepare a vertical analysis of the data for 2022 and 2021. (Round your percentage answers to 1 decimal place.) 2021 Amount Net sales Cost of goods sold FEDERER SPORTS APPAREL Income Statement For the Years Ended December 31 2022 Amount % $ 19,400,000 $ 12,920,400 6,479,600 1,765,400 1,144,600 329,800 1,668,400 1,571,400 582,000 $ 989,400 $ Gross profit Operating expenses Depreciation expense Inventory write-down Loss (litigation) Income before tax 16,100,000 7,373,800 8,726,200 1,336,300 1,143,100 0 289,800 5,957.000 2,173,500 3,783,500 Income tax expense Net income