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 $8,710,000 5,355,000 Gross profit 3,355,000 Expenses: $1,505,000 191,000 Operating expenses Depreciation expense Interest expense Income tax expense Total expenses 31,000 341,000 2,068,000 $1,287,000 Net income THE ATHLETIC ATTIC Balance Sheets December 31 2020 Assets Current assets: Cash 195,000 715,000 980,000 66,000 1,055,000 (191,000) Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable 2021 $ 145,000 695,000 1,310,000 91,000 1,055,000 (382,000) $2,914,000 $ 96,000 $ $2,820,000 $ 72,000 Check 96,000 $ 72,000 Accounts payable Interest payable Income tax payable Long-term liabilities: 0 30,500 3,100 29,100 Notes payable Stockholders' equity: Common stock 410,000 410,000 510,000 510,000 Retained earnings 1,867,500 1,795,800 Total liabilities and stockholders' equity $2,914,000 $2,820,000 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 times 2. Average collection period days 3. Inventory turnover ratio times 4. Average days in inventory days 5. Current ratio to 1 Acid-test ratio to 1 % Debt to equity ratio times Times interest eamed ratio 6. 7. B. $