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 $8,800,000 Cost of goods sold 5,400,000 Gross profit 3,400,000 Expenses: Operating expenses $1,550,000 Depreciation expense 200,000 Interest expense 40,000 Income tax expense 350,000 Total expenses 2,140,000 Net income $1,260,000 THE ATHLETIC ATTIC Balance Sheets December 31 2021 2020 $ 154,000 740,000 1,355,000 100,000 $ 204,000 760,000 1,025,000 75,000 1,100,000 (400,000) $3,049,000 1,100,000 (200,000) $2,964,000 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 Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ $ 105,000 0 35,000 81,000 4,000 30,000 500,000 500,000 600,000 1,809,000 $3,049,000 600,000 1,749,000 $2,964,000 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.) times Risk Ratios 1. Receivables turnover ratio 2. Average collection period 3. Inventory turnover ratio 4. Average days in inventory 5. Current ratio days times days to 1 6. test ratio to 1 7. Debt to equity ratio 8. Times interest earned ratio times