Required information The following information applies to the questions displayed below) Income statement and balance sheet data for The Athletic Attic are provided below. 2021 $9, 250,000 5,700, eee 3,550,000 THE ATHLETIC ATTIC Income Statements For the years ended December 31 2022 Net sales $10,820,000 Cost of goods sold 7,070,000 Gross profit 3,750,000 Expenses: Operating expenses 1,630,000 Depreciation expense 200,000 Interest expense 43,eee Income tax expense 436, eee Total expenses 2, 309,000 Net income $ 1,441,080 1,580,080 200,000 43,000 380,000 2, 203,000 $1,347,000 Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2022 2021 times times times Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 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