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 $8,900, Cost of goods sold 5,450,000 Gross profit 3,450,000 Expenses: Operating expenses $1,600,000 Depreciation expense 210,000 Interest expense 50,eee Income tax expense 360,000 Total expenses 2,220,000 Net income $1,230,eee THE ATHLETIC ATTIC Balance Sheets December 31 2021 2020 $ 164,00 790,000 1,405,000 110,000 $ 214,000 810,000 1,075,000 85,eee 1,150,000 (420,000) $3,199,00 1,150,000 (210,000) $3,124,000 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 $ 115,00 $ 91,000 5, eee 31,eee 40,eee 600,000 6ee, eee 700,eee 1,744,000 $3,199,00 7ee, eee 1,697,200 $3,124,000 Required: Assuming that all sales were on account, calculate the following risk ratlos for 2021. (Use 365 days a year. Round your final answers co 1 decimal place.) times days 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 to 1 times