The following income statement and balance sheets for Laser World are provided 50 points LASER WORLD Incone Statement For the year-ended December 31, 2021 Sales revenue $2,200,000 Cost of goods sold 1.500,00 Gross profit 700,000 Expenses Operating expenses 350.ee Depreciation expense 78,eee Loss on sale of land 5,000 Interest expense 25.ee Income tax expense se.ee Total expenses 510, e Net Income $ 190, see 301228 LASER WORLD Balance Sheets December 31 2021 2020 Assets Current assets: $120.000 90.00 120,000 10,000 $112.000 70.ee 100.000 10.000 260.000 350,000 (70,00) $80,000 200.000 210.000 42,000) $60,000 Accounts receivable Inventory Prepaid rent Long-term assets! Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable Incone tax payable Long-tern liabilities: Notes payable Stockholders' equity Common stock Retained earnings Total liabilities and equity $ 55,000 8,00 15,000 $75,000 7.00 12.000 400,000 300,eee 200,00 202.ee $880,000 200.000 66. $662,90 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 days Risk Ratios 1. Receivables turnover ratio 2 Average collection period 3. Inventory turnover ratio 4. Average days in inventory 5. Current ratio Acid-test ratio Debt to oquity ratio 8. Times interest earned ratio times days to 1 to 1 L