The following income statement and balance sheets for Laser World are provided: LASER WORLD Income Statement For the year-ended December 31, 2021 Sales revenue $2,230,000 Cost of goods sold 1,540,000 Gross profit 690,000 Expenses: Operating expenses 347,000 Depreciation expense 64,000 Loss on sale of land 4,600 Interest expense 20,000 Income tax expense 60,000 Total expenses 495,600 Net income $ 194,400 2020 $102,000 76,000 180,000 19,000 LASER WORLD Balance Sheet December 31 2021 Assets Current assets: Cash $ 122,000 Accounts receivable 96,000 Inventory 200,000 Prepaid rent 19,000 Long-term assets: Land 310,000 Equipment 330,000 Accumulated depreciation (71,000) Total assets $1,006,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 54,000 Interest payable 8,900 Income tax payable 15, 400 Long-term liabilities: Notes payable 340,000 Stockholders' equity: Common stock 120,000 Retained earnings 467,700 Total liabilities and equity $1,006,000 250,000 280,000 (40,000) $867,000 $ 55,000 7,900 12,500 240,000 120,000 431,600 $867,000 Assuming that all sales were on account, calculate the following risk ratios for 2021: (Assume 365 days in a year. Round your intermediate calculations and final answers to 1 decimal place.) times - Sim + WON Risk Ratios Receivables turnover ratio Average collection period Inventory turnover ratio Average days in inventory Current ratio Acid-test ratio Debt to equity ratio 8. Times interest earned ratio days times days to 1 to 1 times