The following income statement and balance sheets for The Athletic Attic are provided. THE ATHLETIC ATTIC Income Statement For the year ended December 31, 2021 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income $1,565,000 203,000 43,000 $8,830,000 5,415,000 3,415,000 353,000 2,164,000 $1,251,000 THE ATHLETIC ATTIC Balance Sheets December 31 Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable 2021 2020 $ 157,000 755,000 1,370,000 103,000 $ 207,000 775,000 1,040,000 78,000 1,115,000 1,115,000 (406,000) (203,000) $3,094,000 $3,012,000 $ 108,000 $ 84,000 Interest payable 0 4,300 Income tax payable Long-term liabilities: Notes payable Stockholders' equity: 36,500 30,300 530,000 530,000 Common stock 630,000 630,000 Retained earnings 1,789,500 1,733,400 Total liabilities and stockholders' equity $3,094,000 $3,012,000 Required: Assuming that all sales were on account, calculate the following risk ratios for 2021. (Use 365 days a year. Round your intermediate 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 times days times days 5. Current ratio to 1 6. Acid-test ratio to 1 7. Debt to equity ratio % 8. Times interest earned ratio times