ences The following income statement and balance sheets for The Athletic Attic are provided. Net sales THE ATHLETIC ATTIC Income Statement For the Year Ended December 31, 2024 Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income $1,600,000 210,000 50,000 360,000 $8,900,000 5,450,000 3,450,000 2,220,000 $1,230,000 THE ATHLETIC ATTIC Balance Sheets December 31 Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term 11abilities: Notes payable Stockholders equity: Common stock Retained earnings Total liabilities and stockholders' equity Required: 2024 2023 $164,000 790,000 1,405,000 110,000 1,150,000 (420,000) $3,199,000 $214,000 810,000 1,075,000 85,000 1,150,000 (210,000) $3,124,000 $115,000 0 40,000 $91,000 5,000 31,000 600,000 600,000 700,000 1,744,000 700,000 1,697,000 $3,199,000 $3,124,000 Assuming that all sales were on account, calculate the following risk ratios for 2024. (Use 365 days a year. Round your final answers to 1 decimal place.)