The following income statement and balance sheets for Laser World are provided LASER WORLD Income Statement $3,270,000 1,590,000 630,000 For the year ended December 11, 2821 Sales revenue Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net incone Assets Current assets: Cash Accounts receivable Inventory Prepaid rent 344,000 66,000 5,000 23,000 53,000 491,000 $ 189,000 LASER WORLD Balance Sheet December 31 2021 2020 Long-term assets: Land Equipment Accumulated depreciation $126,000 $101,000 91,000 74,000 200,000 100,000 16,000 15,000 300,000 240,000 310,000 260,000 (72,000) (47,000) $971,000 $824,000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable $ 52,000 8,600 15,300 $ 53,000 Income tax payable Long-term liabilities: Notes payable Stockholders equity: Common stock Retained earnings Total liabilities and equity 7,600 12,900 350,000 260,000 190,000 190,000 345,100 300,500 $971,000 $424,000 Assuming that all sales were on account, calculate the following risk ratios for 2021: (Assume 365 days in a y Intermediate calculations and final answers to 1 decimal place.) Risk Ratios 1 Receivables turnover ratio 2 Average collection period times days 3. inventory turnover ratio 4. Average days in inventory days 5. Current ratio to 1 16 Acid-test ratio to 1 7 Debt to equity ratio 56 Times interest earned ratio mes