For the year ended December 31, 2021 Net sales $3,006,000 Cost of goods sold 1,944,000 Gross profit 1,062,000 Expenses: Operating expenses $852,000 Depreciation expense 24,000 Loss on sale of land 7,400 Interest expense 12,000 Income tax expense 42,000 Total expenses 937,400 Net income $ 124,600 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 $180,000 75,000 99,000 11,400 $ 138,000 54,000 129,000 5,280 99,000 204,000 264,000 (60,000) $872,400 234,000 204,000 (36,000) $728, 280 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ 60,000 4,800 12,000 $ 75,000 2,400 13,400 279,000 219,000 294,000 222,600 $872,400 294,000 124,480 $728,280 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.) Risk Ratios 1. times days times Receivables turnover ratio 2. Average collection period 3. Inventory turnover ratio | Average days in inventory 5. Current ratio 6. Acid-test ratio 7. Debt to equity ratio days to 1 to 1 % Times interest earned ratio times