The following information applies to the questions displayed below.] Income statement and balance sheet data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the years ended December 31 2022 2021 Net sales $3,560,000 $3,086,000 Cost of goods sold 2,490,000 1,960,000 Gross profit 1,070, 880 1,126,800 Expenses: Operating expenses 965,000 868,000 Depreciation expense 40,000 32,000 Loss on sale of land 9,000 Interest expense 23,000 20,000 Income tax expense 9.000 58,000 Total expenses 1,037 000 987,600 Net income $ 33,000 $ 139,000 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2022 2021 2020 7,200 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: Connon stock Retained earnings Total liabilities and stockholders' equity $ 216,800 $196,800 $154,000 90,000 91,000 70,000 140,000 115,000 145,000 15,000 13,000 115,800 115,000 @ 319,000 229,800 250,00 318,000 280,000 220,000 (124,880) (84,880) (52,000) $1,072,000 $946,000 $794,200 $ 161,000 $ 76,000 $ 91,000 12,000 8,809 4,000 13,000 20,000 15,000 450,000 295,000 235,000 310,000 310,000 310,000 126,800 237, eep 139,200 $1,072,000 $946,800 $794,200 Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2022 2021 times times Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio times times to 1 to 1 % %