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[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
	2025	2024
Net sales	$ 10,540,000	$ 8,950,000
Cost of goods sold	6,890,000	5,500,000
Gross profit	3,650,000	3,450,000
Expenses:
Operating expenses	1,610,000	1,560,000
Depreciation expense	200,000	200,000
Interest expense	41,000	41,000
Income tax expense	412,000	360,000
Total expenses	2,263,000	2,161,000
Net income	$ 1,387,000	$ 1,289,000

THE ATHLETIC ATTIC
Balance Sheets
December 31
	2025	2024	2023
Assets
Current assets:
Cash	$ 226,000	$ 155,000	$ 206,000
Accounts receivable	991,000	741,000	761,000
Inventory	1,726,000	1,356,000	1,026,000
Supplies	131,000	101,000	76,000
Long-term assets:
Equipment	1,140,000	1,140,000	1,140,000
Less: Accumulated depreciation	(610,000)	(410,000)	(210,000)
Total assets	$ 3,604,000	$ 3,083,000	$ 2,999,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 177,900	$ 108,000	$ 84,900
Interest payable	4,100	0	4,100
Income tax payable	41,000	36,000	31,000
Long-term liabilities:
Notes payable	510,000	510,000	510,000
Stockholders' equity:
Common stock	610,000	610,000	610,000
Retained earnings	2,261,000	1,819,000	1,759,000
Total liabilities and stockholders equity	$ 3,604,000	$ 3,083,000	$ 2,999,000

Required: 1. Calculate the following risk ratios for 2024 and 2025: (Round your answers to 1 decimal place.)

	2024		2025
Receivables turnover ratio		times		times
Inventory turnover ratio		times		times
Current ratio
Debt to equity ratio		%		%

2. Calculate the following profitability ratios for 2024 and

		2024
Gross profit ratio		%		%
Return on assets		%		%
Profit margin		%		%
Asset turnover		times		times