The following Income Statement and balance sheet for Virtual Gaming Systems are provided.

Required: Assuming that all sales were on account, calculate the following risk ratios for 2021. (Use 365 days a year. Round your final answers to 1 decimal place.) times days Risk Ratios 1 Receivables turnover ratio 2. Average collection period 3. Inventory turnover ratio 4. Average days in inventory 5. Current ratio times days to 1 6. to 1 7. Acid-test ratio Debt to equity ratio Times interest earned ratio % 8. times The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2021 Net sales $3,021,000 Cost of goods sold 1,947,000 Gross profit 1,074,000 Expenses: Operating expenses $855,000 Depreciation expense 25,500 Loss on sale of land 7,700 Interest expense 13,500 Income tax expense 45,000 Total expenses 946,700 Net income $ 127,300 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 $183,000 78,000 102,000 11,700 $141,000 57,000 132,000 5,640 102,000 207,000 267,000 (64,500) $886,200 0 237,000 207,000 (39,000) $740, 640 set: Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ 78,000 $ 63,000 5,400 13,500 2,700 13,700 282,000 222,000 297,000 225, 300 $886, 200 297,000 127,240 $740, 640