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 $2,986,000 Cost of goods sold 1,940,000 Gross profit 1,046,000 Expenses: Operating expenses $848,000 Depreciation expense 22,000 Loss on sale of land 7,000 Interest expense 10,000 Income tax expense 38,000 Total expenses 925,000 Net income $121,000

VIRTUAL GAMING SYSTEMS

Balance Sheets

December 31 2018 2017 Assets Current assets: Cash $176,000 $134,000 Accounts receivable 71,000 50,000 Inventory 95,000 125,000 Prepaid rent 11,000 4,800 Long-term assets: Investment in bonds 95,000 0 Land 200,000 230,000 Equipment 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 10,000 13,000 Long-term liabilities: Notes payable 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 2018. (Use 365 days a year. Round your intermediate calculations and final answers to 1 decimal place.)

1. Receivables tunrover ratio times
2. Average Collection Period days
3. Inventory turnover ratio times
4. Avergae days in inventory days
5. Current ratio to 1
6. Acid-test ratio to 1
7. Debt to equality ratio %
8. Times interest earned ratio times