Income statement and balance sheet data for The Athletic Attic are provided below. 2021 $11,650, eee 7,300,000 4,350, eee THE ATHLETIC ATTIC Income Statements For the years ended December 31 2022 Net sales $13,25e,eee Cost of goods sold 8,510,000 Gross profit 4,550, eee Expenses: Operating expenses 1,790,000 Depreciation expense 200, eee Interest expense 59, see Income tax expense 628, eee Total expenses 2,677,000 Net income $ 1,873,880 1,740,000 200,eee 59,880 54e, see 2,539, eee $ 1,811, 880 THE ATHLETIC ATTIC Balance Sheets December 31 2022 2021 2020 $ 244,000 1, e89, eee 1,744, eee 149,000 $ 174,880 759, eee 1,374,000 119,000 $ 242,000 779, 280 1,644, eee 94,000 1,860,000 (790,980) $4,216,880 1,860, eee (590,980) $3,696,080 1,860, eee (390,880) $3,629,00 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 liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ 163,080 $ 230, 100 5,980 59,880 $ 155, 10e 5,900 49,880 54,000 690,eee 690, eee 690,000 790, eee 2,441,880 $4,216,000 790,eee 1,999,880 $3,696,880 790,eee 1,939, eee $3,629,00 Problem 12-6B Part 1 Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2021 2022 times times times Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio to 1 96 times to 1 %%