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please answer in a table if u want me to give like Required information Problem 12-6B Use ratios to analyze risk and profitability (LO12-3, 12-4)

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Required information Problem 12-6B Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below Income statement and balance sheet data for The Athletic Attic are provided below. THE ATHLETIC ATTIC Income Statements For the years ended December 31 2022 2021 Net sales $11,520,000 7,520,000 4,000,000 $10,000,000 6,200,000 3,800,000 Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Interest expense 1,680,000 200,000 48,000 496,000 2,424,000 1,630,000 200,000 48,000 Income tax expense 430,000 Total expenses 2,308,000 Net income $ 1,492,000 1,576,000 THE ATHLETIC ATTIC Balance Sheets December 31 2021 2020 2022 Assets Current assets: 162,000 748,000 1,363,000 108,000 220,000 768,000 1,033,000 83,000 Cash 233,000 998,000 1,733,000 138,000 S Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation 1,420,000 (280,000) 1,420,000 (680,000) 1,420,000 (480,000) Total assets $3,842,000 $3,321,000 $3,244,000 Liabilities and Stockholder Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Equity 198,200 4,800 48,000 S 129,000 0 43,000 112,200 4,800 38,000 580,000 580,000 580,000 680,000 680,000 680,000 1,829,000 2,331,000 1,889,000 Total liabilities and stockholders' equity $3,842,000 $3,321,000 $3,244,000 Problem 12-6B Part 1 Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal plate.) 2021 2022 Receivables turnover ratio times times Inventory turnover ratio Current ratio times times to 1 to 1 Debt to equity ratio % % Problem 12-6B Part 2 2. Calculate the following profitability ratios for 2021 and 2022: (Round your answers to 1 decimal pface.) 2021 2022 Gross profit ratio % % Return on assets % Profit margin % % Asset turnover times times

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