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 Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land. Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Prepaid rent $2,240,000 1,540,000 700,000 347,000 60,000 4,600 22,000 51,000 484,600 $ 215,400 LASER WORLD Balance Sheet December 31 2021 2020 Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable $123,000 $104,000 93,000 77,000 190,000 170,000 16,000 16,000 300,000 240,000 300,000 250,000 (70,000) (43,000) $952,000 $814,000 $ 52,000 $ 50,000 8,100 7,100 Income tax payable Long-term liabilities: Notes payable 15,300 12,000 390,000 290,000 Stockholders' equity: Common stock 100,000 100,000 Retained earnings 386,600 354,900 Total liabilities and equity $952,000 $814,000 Assuming that all sales were on account, calculate the following risk ratios for 2021: (Assum intermediate calculations and final answers to 1 decimal place.) Risk Ratios 1. Receivables turnover ratio 2. Average collection period 3. Inventory turnover ratio times days 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