Income statement and balance sheet data for The Athletic Attic are provided below. THE ATHLETIC ATTIC Income Statements For the years ended December 31 2019 2018 Net sales $12,920,000 $11,500,000 Cost of goods sold 8,420,000 . 7,200,000 4,500,000 4,300,000 Gross profit Expenses: Operating expenses Depreciation expense Interest expense Income tax expense 1,780,000 200,000 58,000 616,000 1,730,000 200,000 58,000 530,000 Total expenses 2,654,000 2,518,000 Net income $1,846,000 $1,782,000 THE ATHLETIC ATTIC Balance Sheets December 31 2019 2018 2017 Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation $ 243,000 1,008,000 1,743,000 148,000 $ 173,000 758,000 1,373,000 118,000 $ 240,000 778,000 1,043,000 93,000 1,820,000 (780,000) 1,820,000 (580,000) 1,820,000 (380,000) THE ATHLETIC ATTIC Balance Sheets December 31 2019 2018 2017 Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation $ 243,000 1,008,000 1,743,000 148,000 $ 173,000 758,000 1,373,000 118,000 $ 240,000 778,000 1,043,000 93,000 1,820,000 (780,000) 1,820,000 (580,000) 1,820,000 (380,000) Total assets $4,182,000 $3,662,000 $3,594,000 $ 160,000 $ Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings $ 227,200 5,800 58,000 151,200 5,800 48,000 53,000 680,000 680,000 680,000 780,000 2,431,000 780,000 1,989,000 780,000 1,929,000 Total liabilities and stockholders' equity $4,182,000 $3,662,000 $3,594,000 Required: 1. Calculate the following risk ratios for 2018 and 2019: (Round your answers to 1 decimal place.) 2018 2019 times times Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio times times to 1 to 1 % % 2. Calculate the following profitability ratios for 2018 and 2019: (Round your a 2018 2019 Gross profit ratio Return on assets Profit margin Asset turnover times times