Income statement and balance sheet data for a company are provided below.

1. Calculate the following risk ratios for 2018 and 2019: Receivable Turnove ratio, Inventory Turnover Ratio, Current Ratio, Debt to Equity Ratio

2. Calculate the following profitability ratios for 2018 and 2019: Gross Profit, Return on Assets, Profit Margin, Asset Turnover

ncome Statements For the years ended December 31 2019 2018 Net sales Cost of goods sold $11,380,000 $9,850,000 6,100,000 7,430,000 Gross profit 3,950,000 3,750,000 Expenses: Operating expenses Depreciation expense Interest expense Income tax expense 1,670,000 200,000 47,000 484,000 1,620,000 200,000 47,000 420,000 Total expenses 2,401,000 2,287,000 Net income $1,549,000 $1,463,000