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 $3,460,000 $2,986,000 2,470,000 990,000 Net sales Cost of goods sold Gross profit 1,940,000 1,046,000 Expenses: Operating expenses Depreciation expense 945,000 20,000 848,000 22,000 7,000 10,000 Loss on sale of land Interest expense 13,000 Income tax expense Total expenses 7,000 985,000 5,000 $ 116, 000 43,000 930,000 Net income VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2022 2021 2020 Assets Current assets: $176,000 71,000 95,000 11,000 $134,000 Se, 000 125,000 4,800 Cash 196,000 70,000 120,000 13,000 Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds 95,000 290,000 290,000 (74,000) $1,000,000 95,000 200,000 260,000 (54,000) Land 230,000 200,000 (32,000) Equipment Less: Accumulated depreciation $854,000 $711,800 Total assets Liabilities and Stockholders' Equity Current liabilities: 285,000 6,000 11,000 Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: 56,000 88,800 4,000 10,000 2,000 13,000 300,000 275,000 215,000 290,000 290,000 Common stock 290,000 Retained earnings 108,000 219,000 103,000 $1,000,000 $854,000 $711,800 Total liabilities and stockholders' equity Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2021 2022 Receivables turnover ratio times times Inventory turnover ratio times times Current ratio to 1 to 1 Debt to equity ratio