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 $3,026,000 Cost of goods sold 1,948,900 Gross profit 1,078,000 Expenses : Operating expenses $856,000 Depreciation expense 26,000 Loss on sale of land 7,800 Interest expense 14,000 Income tax expense 46,000 Total expenses 949,800 Net income $ 128,200 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 $184,000 79,000 103,000 11,800 $142,000 58,000 133,000 5,760 103,000 208,000 268,000 (66,000) $890,880 238,000 208,000 (40,000) $744,760 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 $ 64,000 5,600 14,000 $ 79,000 2,800 13,800 283,000 223,000 298,000 226, 200 $ 890,800 298,000 128, 160 $ 744,760 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.) times days / Risk Ratios 1. Receivables tumover ratio 2. Average collection period 3. Inventory turnover ratio 4. Average days in inventory 5. Current ratio 6. Acid-test ratio 17. Debt to equity ratio 8. Times interest eamed ratio times days to 1 to 1 times