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 $3,081,000 Cost of goods sold 1,959,000 Gross profit 1,122,000 Expenses: Operating expenses $867,000 Depreciation expense 31,500 Loss on sale of land 8,900 Interest expense 19,500 Income tax expense 57,000 Total expenses 983,900 Net income $ 138,100 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 $195,000 90,000 114,000 12,900 $153,000 69,000 144,000 7,080 114,000 219,000 279,000 (82,500) $941,400 0 249,000 219,000 (51,000) $790,080 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 $ 75,000 7,800 19,500 $ 90,000 3,900 14,900 294,000 234,000 309,000 236,100 $941,400 309,000 138,280 $790,080 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 days times 2. Average collection period 3. Inventory turnover ratio 4. Average days in inventory 5. Current ratio days to 1 6. Acid-test ratio to 1 7. Debt to equity ratio % 8. Times interest earned ratio times