Income statement and balance sheet data for The Sports Shack are provided below.

The Sports Shack Income Statements For the years ended December 31
	2019	2018
Sales revenue	$8,200,000	$6,600,000
Cost of goods sold	6,100,000	4,700,000
Gross profit	2,100,000	1,900,000
Expenses:
Operating expenses	1,450,000	1,400,000
Depreciation expense	90,000	100,000
Interest expense	25,000	50,000
Income tax expense	95,000	80,000
Total expenses	1,660,000	1,630,000
Net income	$440,000	$270,000

The Sports Shack Balance Sheets December 31
Assets	2019		2018	2017
Current assets:
Cash	$290,000		$218,000	$196,000
Accounts receivable	1,050,000		680,000	880,000
Inventory	919,000		1,250,000	1,100,000
Supplies	80,000		90,000	65,000
Long-term assets:
Equipment	1,100,000		1,200,000	900,000
Accumulated depreciation	(440,000)		(350,000)	(250,000)
Total assets	$2,999,000		$3,088,000	$2,891,000
Liabilities and Stockholders Equity
Current liabilities:
Accounts payable	$50,000	$65,000		$55,000
Interest payable	2,000	4,000		6,000
Income tax payable	38,000	40,000		30,000
Long-term liabilities:
Notes payable	200,000	400,000		300,000
Stockholders equity:
Common stock	900,000	900,000		900,000
Retained earnings	1,809,000	1,679,000		1,600,000
Total liabilities and equity	$2,999,000	$3,088,000		$2,891,000

Required: a. Calculate the following risk ratios for 2018 and 2019.

Receivables turnover ratio	Current ratio
Inventory turnover ratio	Debt to equity ratio

b. Calculate the following profitability ratios for 2018 and 2019.

Gross profit ratio	Profit margin
Return on assets	Asset turnover

c. Based on the ratios calculated, determine whether overall risk and profitability improved from 2018 to 2019.