The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2018 Net sales Cost of goods sold $3,081,000 1,959,000 1,122,000 Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense $867,000 31,500 8,900 19,500 57,000 Total expenses 983,900 Net income $ 138,100 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2018 2017 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation $195,000 90,000 114,000 12,900 $153,000 69,000 144,000 7,080 114,000 219,000 279,000 (82,500) 249,000 219,000 (51,000) Total assets $941,400 $790,080 $ 75,000 7,800 19,500 $ 90,000 3,900 14,900 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings 294,000 234,000 309,000 236,100 309,000 138,280 Total liabilities and stockholders' equity $941,400 $790,080 Required: Assuming that all sales were on account, calculate the following risk ratios for 2018. (Use 365 days a year. Round your intermediate calculations and final answers to 1 decimal place.) Risk Ratios Receivables turnover ratio times days times days 2. Average collection period 3. Inventory turnover ratio 4. Average days in inventory Current ratio 6. Acid-test ratio 7. Debt to equity ratio 8. Times interest earned ratio to 1 to 1 Olo times