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 $2,280,000 Cost of goods sold 1,540,000 Gross profit 740,000 Expenses: Operating expenses 343,000 Depreciation expense 64,000 Loss on sale of land 4,300 Interest expense 23,000 Income tax expense 51,000 Total expenses 485,300 Net income 254,700 LASER WORLD Balance Sheet December 31 2021 2020 $127,000 92,000 160,000 15,000 $110,000 80,000 140,000 15,000 320,000 290,000 (79,000) $925,000 260,000 240,000 (49,000) $796,000 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 $ 56,000 8,600 15,400 $ 55,000 7,600 12,800 340,000 240,000 130,000 375,000 $925,000 130,000 350, 600 $796,000 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.) 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 Receivables turnover ratio Average collection period Inventory turnover ratio Average days in inventory Current ratio Acid-test ratio Debt to equity ratio Times interest earned ratio days times days to 1 to 1 times