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 $2,210,000 Cost of goods sold 1,530,000 Gross profit 680,000 Expenses: Operating expenses 342,000 Depreciation expense 64,000 Loss on sale of land 4,000 Interest expense 21,000 Income tax expense 52,000 Total expenses 483,000 Net income $ 197,000 LASER WORLD Balance Sheet December 31 2021 2020 Assets Current assets: Cash $ 122,000 $107.000 Accounts receivable 96,000 72,000 Inventory 200,000 180,000 Prepaid rent 12,000 12,000 Long-term assets: Land 340,000 280,000 Equipment 340,000 290,000 Accumulated (76,000) (50,000) depreciation Total assets $1,634,000 $891,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 59,00 $ 53,000 Interest payable 8,400 7,400 Income tax payable 15,800 12,300 Long-term liabilities: Notes payable 320,000 220,000 Stockholders' equity: Common stock 160,000 160,000 Retained 470,800 earnings 438,300 Total liabilities $1,234,000 $891,000 and equity 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.) Risk Ratios 1. Receivables turnover ratio 2. Average collection period 3. Inventory turnover ratio 4. Average days in inventory 5. Current ratio 6. Acid-test ratio 7. Debt to equity ratio 8. Times interest earned ratio times days times days to 1 to 1 times