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 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 $2,991,000 1,941,000 1,050,000 $849,000 22,500 7,100 10,500 39,000 928,100 $ 121,900 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 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 Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $177,000 $135,000 72,000 51,000 96,000 126,000 11,100 4,920 96,000 0 201,000 231,000 261,000 201,000 (55,500) (33,000) $858,600 $715,920 $ 57,000 4,200 $ 72,000 2,100 13,100 10,500 276,000 216,000 291,000 291,000 219,900 121,720 $858,600 $715,920 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.) 1. Receivables turnover ratio Risk Ratios times days 2. Average collection period 3. Inventory turnover ratio 4. Average days in inventory 5. Current ratio 6. Acid-test ratio 7. Debt to equity ratio 8. Times interest earned ratio times days to 1 to 1 % times