The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement Bor the year ended December 31, 2021 Net sales $3,086,000 Cost of goods sold 1,960,000 Gross profit 1,126,000 Expenses: Operating expenses $868,000 Depreciation expense 32,000 Loss on sale of land 9,000 Interest expense 20,000 Income tax expense 58,000 Total expenses 987,000 Net income $ 139,000 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 $196,000 91,000 115,000 13,000 $154,000 70,000 145,000 7,200 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable 115,000 220,000 280,000 (84,000) $946,000 0 250,000 220,000 (52,000) $794,200 $ 76,000 $ 91,000 8,000 4,000 20,000 15,000 -4V 280,000 (84.000 5946,000 220,000 (52.000) 3794, 200 Equipment 1: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current Ilabilities Accounts payablo Interont payable Income tax payable Long-term Llabilities: Notes payable Stockholdere equityi Common atook Betained earning Total liabilities and stockholders' equity $ 76,000 8,000 20.000 $ 91,000 4,000 15,000 295.000 235,000 310,000 2378000 946,000 310.000 139,200 6794,200 Required: Assuming that all sales were on account, calculate the following risk ratios for 2021 (Use 365 days a year. Round your final answers to 1 decimal place.) day PIRAL 1 Receivables turnover ratio 2 Average collection period a inventary surnover ruta 4 Aage days in inventory Current ratio days 11 ti 7 Chetto equily ratio Tumesinised ratio nes