Required Information [The following information applies to the questions displayed below.] Income statement and balance sheet data for The A Income Statements For the years ended December 31 2022 2021 Net sales Cost of goods sold Gross profit Expenses Operating expenses $10,680,000 6,980,000 $9,100,000 5,600,000 3,700,000 3,500,000 1,620,000 1,570,000 Income tax expense Depreciation expense Interest expense Total expenses Net income 200,000 200,000 42,000 42,000 424,000 2,286,000 370,000 2,182,000 $ 1,414,000 $1,318,000 low. Balance Sheets December 31 2022 2021 2020 Long-term liabilities: Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Intereat payable Income tax payable Notes payable $ 227,000 992,000 1,727,000 132,000 $156,000 742,000 1,357,000 $208,000 762,000 1,027,000 102,000 77,000 1,100,000 1,180,000 1,180,000 (620,000) (420,000) (220,000) $3,638,000 $3,117,000 $3,034,000 $ 180,800 $111,000 $ 88,800 4,200 42,000 0 4,200 37,000 32,000 520,000 520,000 520,000 Stockholders' equitys Common stock 620,000 620,000 620,000 Retained earnings 2,271,000 1,829,000 1,769,000 Total liabilities and stockholders' equity $3,638,000 $3,117,000 $3,034,000 Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.) Receivables tumover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2021 2022 times times times times to 11 to 1 %