The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2021 Net sales $3,021,000 Cost of goods sold 1,947,000 Gross profit 1,074,000 Expenses: Operating expenses $855,000 Depreciation expense 25,500 Loss on sale of land 7,700 Interest expense 13,500 Income tax expense 45,000 Total expenses 946,700 Net income $ 127,300 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment VIRTUAL GAMING SYSTEMS Balance Sheets December 31 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 Retained earnings Total liabilities and stockholders' equity 2021 $183,000 78,000 102,000 11,700 102,000 207,000 267,000 (64,500) $886,200 $ 63,000 5,400 13,500 282,000 297,000 225,300 $886,200 2020 $141,000 57,000 132,000 5,640 0 237,000 207,000 (39,000) $740,640 $ 78,000 2,700 13,700 222,000 297,000 127,240 $740,640 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.) 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 6. Acid-test ratio to 1 7. Debt to equity ratio 8. Times interest earned ratio times