Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the years ended December 31 2022 2021 Net sales $3,470,000 $2,996,000 Cost of goods sold 12,472,000 1,942,000 Gross profit 998,000 1,054,000 Expenses: Operating expenses 947,000 850,000 Depreciation expense 22,000 23,000 Loss on sale of land 8 7,200 Interest expense 14,000 11,000 Income tax expense 7,200 44,000 Total expenses 990,200 935, 200 Net income 7,800 $ 118,800 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2022 2021 2020 Assets Current assets: Cash 197,000 $178,000 $136,000 Accounts receivable 71,000 73,000 52,000 Inventory 121,000 97,000 127,000 Prepaid rent 13,200 11,200 5,040 Long-term assets: Investment in bonds 97,000 97,000 Land 292,000 202,000 232,000 Equipment 292,000 262,000 202,000 Less: Accumulated depreciation (79,000) (57,000) (34,000) Total assets $1,004,200 $863,200 $720,640 VUU WVVU 14, $1,004,200 $863,200 $720,040 LES. ACCUMULOLCU UepicLOL LUI 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 $ 264,600 $ 58,000 $ 93,640 6,600 4,400 2,200 11,200 11,000 13,200 320,000 277,000 217,000 292,000 292,000 292,000 109,800 220,800 102,000 $1,004,200 $863,200 $720,640 Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2021 times Receivables tumover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2022 times times to 1 times to 1 % %