The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the Year Ended December 31, 2024 Net sales Cost of goods sold Gross profit $3,016,000 1,946,000 1,070,000 Expenses: Operating expenses $854,000 Depreciation 25,000 expense Loss on sale of 7,600 land Interest expense 13,000 5 Income tax expense 44,000 Total expenses 943,600 Net income $126,400 Assets Current assets: VIRTUAL GAMING SYSTEMS Balance Sheets December 31 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 2024 2023 $182,000 $140,000 77,000 56,000 101,000 131,000 11,600 5,520 101,000 0 206,000 236,000 266,000 206,000 (63,000) (38,000) 881,600 $736,520 $62,000 5,200 $77,000 2,600 13,000 13,600 Long-term liabilities: Notes payable 281,000 221,000 Stockholders' equity: Common stock 296,000 296,000 Retained earnings 224,400 126,320 Total liabilities and stockholders' equity $881,600 $736,520 Required: Assuming that all sales were on account, calculate the following risk ratios for 2024. (Use 365 days a year. Round your final answers to 1 decimal place.) Risk Ratios 1. Receivables turnover ratio 2. Average collection period times days 3. Inventory turnover ratio times days 4. Average days in inventory 5. Current ratio 6. Acid-test ratio 7. Debt to equity ratio 8. Times interest earned ratio % times