Risk Ratios
1.	Receivables turnover ratio	26.4	times
2.	Average collection period	13.8	days
3.	Inventory turnover ratio		times
4.	Average days in inventory		days
5.	Current ratio		to 1
6.	Acid-test ratio		to 1
7.	Debt to equity ratio		%
8.	Times interest earned ratio		times

The following income statement and balance sheets for Laser World are provided ER WORLD Income Statement For the year-ended December 31, 2018 Sales revenue Cost of goods sold 2,280,00O 1,560,000 Gross proft 2D,000 Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense 346,000 65,000 4,500 21,000 54,000 Total expenses 490,500 Net income S 229,50O LASER WORLD Balance Sheet December 31 2018 2017 Assets Current assets Cash Accounts receivable Inventory Prepaid rent S 122,000 S 102,000 78,000 120,000 17,000 95,000 140,000 17,000 Long-term assets 270,000 330,000 (76,000) 210,000 280,000 (46,0DD) Land Accumulated depreciation Total assets $ 898,000 S 761,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable S 53,000 S 51,000 ,300 12,200 8,300 Income tax payable Long-term liabilities Stockholders' equity 15.900 300,000 110,000 200,000 Notes payable Common stock Retained eamings 110,000 380,500 410,800 Totall liabilities and equity S 898,000 S 761,000 Assuming that all sales were on account, calculate the following risk ratios for 2018 (Assume 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.)