The following Income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the Year Ended December 31, 2024 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income $2,986,000 1,940,000 1,046,000 $848,000 22,000 7,000 10,000 38,000 925,000 $121,000 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $176,000 $134,000 71,000 50,000 95,000 125,000 11,000 4,800 95,000 200,000 230,000 260,000 200,000 Less: Accumulated depreciation (54,000) (32,000) Total assets 854,000 $711,800 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $56,000 $71,000 Interest payable 4,000 2,000 Income tax payable Long-term liabilities: Notes payable 10,000 13,000 275,000 215,000 Stockholders' equity: Common stock 290,000 290,000 Retained earnings 219,000 120,800 Total liabilities and stockholders' equity $854,000 $711,800 Required: Assuming that all sales were on account, calculate the following risk ratios for 2024. (Use 365 days a year. Round your 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 6. Acid-test ratio 7. Debt to equity ratio 8. Times interest earned ratio % times