Required information [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 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income 2021 $10,540,000 $8,950,000 6,890,000 5,500,000 3,650,000 3,450,000 1,610,000 1,560,000 200,000 200,000 41,000 41,000 412,000 360,000 2,263,000 2,161,000 $ 1,387,000 $1,289,000 Assets Current assets: Cash Accounts receivable THE ATHLETIC ATTIC Balance Sheets Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: December 31 2022 2021 2020 $ 226,000 $ 155,000 $ 206,000 991,000 741,000 761,000 1,726,000 1,356,000 1,026,000 131,000 101,000 76,000 1,140,000 1,140,000 1,140,000 (610,000) (410,000) (210,000) $3,604,000 $3,083,000 $2,999,000 Accounts payable Interest payable 177,900 $ 108,000 $ 84,900 Income tax payable Notes payable Stockholders' equity: 4,100 41,000 0 4,100 36,000 31,000 Long-term liabilities: 510,000 510,000 510,000 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 2021 and 2022: (Round your answers to 1 decimal place.) Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2021 2022 times times times times to 1 to 1 % % 2. Calculate the following profitability ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2021 2022 Gross profit ratio % % Return on assets % % Profit margin % % Asset turnover times times