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 $8,700,000 Cost of goods sold 5,350,000 Gross profit 3,350,000 Expenses : Operating expenses $1,500,000 Depreciation expense 19 , Interest expense 30,000 Income tax expense 340,000 Total expenses 2,060,000 Net income $1,290,000 THE ATHLETIC ATTIC Balance Sheets December 31 2021 2920 $ 144,000 690,000 1,305,000 90,000 194,000 710,000 975,000 65,000 1,050,000 380,000) $2,899,000 1,050,000 (190, eee $2,804,000 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 Retoined earnings Total liabilities and stockholders equity $ 95,000 $ 71,000 3,000 29,000 30,000 400,000 400,000 500,000 1.874,000 $2,899,000 500,00 1801.000 $2,804,000 Required: Assuring 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 Invory turnover ratio 4. Average days in Inventory 5. Current ratio 6. Acid-test ratio 7 Debt to equity ratio 8. Times interessamed ratio times days times days 10 1 to 1 % times