Income statement and balance sheet data for The Athletic Attic are provided below.

THE ATHLETIC ATTIC
Income Statements
For the years ended December 31
		2022			2021
Net sales	$	12,360,000		$	10,900,000
Cost of goods sold		8,060,000			6,800,000
Gross profit		4,300,000			4,100,000
Expenses:
Operating expenses		1,740,000			1,690,000
Depreciation expense		200,000			200,000
Interest expense		54,000			54,000
Income tax expense		568,000			490,000
Total expenses		2,562,000			2,434,000
Net income	$	1,738,000		$	1,666,000

THE ATHLETIC ATTIC
Balance Sheets
December 31
		2022				2021				2020
Assets
Current assets:
Cash	$	239,000			$	169,000			$	232,000
Accounts receivable		1,004,000				754,000				774,000
Inventory		1,739,000				1,369,000				1,039,000
Supplies		144,000				114,000				89,000
Long-term assets:
Equipment		1,660,000				1,660,000				1,660,000
Less: Accumulated depreciation		(740,000	)			(540,000	)			(340,000	)
Total assets	$	4,046,000			$	3,526,000			$	3,454,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	215,600			$	148,000			$	135,600
Interest payable		5,400				0				5,400
Income tax payable		54,000				49,000				44,000
Long-term liabilities:
Notes payable		640,000				640,000				640,000
Stockholders' equity:
Common stock		740,000				740,000				740,000
Retained earnings		2,391,000				1,949,000				1,889,000
Total liabilities and stockholders equity	$	4,046,000			$	3,526,000			$	3,454,000

Required: 1. Calculate the following risk ratios for 2021 and 2022