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 $2,270,000 Cost of goods sold 1,560,000 Gross profit 710,000 Expenses: Operating expenses 349,000 Depreciation expense 69,000 Loss on sale of land 4,200 Interest expense 24,000 Income tax expense 55,000 Total expenses 501,200 Net income $ 208,800 LASER WORLD Balance Sheet December 31 2021 2020 $ 128,000 90,000 190,000 20,000 $ 103,000 74,000 170,000 20,000 300,000 300,000 (79,000) $949,000 240,000 250,000 (48,000) $809,000 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and equity $ 50,000 8,800 15,900 $ 58,000 7,800 12,100 360,000 260,000 130,000 384,300 $949,000 130,000 341,100 $809,000 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 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 days times days to 1 to 1 % times