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 $3,495, eee $3,621,000 Cost of goods sold 2,477,000 1,947,000 Gross profit 1,818,000 1,074,000 Expenses: Operating expenses 952,000 855, eee Depreciation expense 27,000 25,500 Loss on sale of land @ 7,700 Interest expense 16,500 13,500 Income tax expense 7.700 46,500 Total expenses 1,003, 200 948,200 Net income $ 14,800 $ 125,800 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2022 2021 2e2e $ 199,5ee $183,000 $141,000 73,500 78,000 57,000 123,500 102,000 132,000 13,700 11,700 5,640 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation 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 102,000 102,000 297,000 207, eee 237,000 297 , 267,000 207,000 (91,500 (64,500) (39,000) $1,014,700 $886,200 $740, 640 $ 213,600 8,100 11,700 $ 63, eee 5,400 13,5ee $105,740 2,700 13,700 370,000 282, 280 222,000 297,000 114,300 $1,014,700 297, eee 225,300 $886,200 297,000 99,500 $740, 640 Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2022 Receivables tumover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2021 times times to 1 times times to 1 %