[The following information applies to the questions displayed below.]

Income statement and balance sheet data for The Athletic Attic are provided below.

THE ATHLETIC ATTIC Income Statements For the years ended December 31
	2019	2018
Net sales	$11,660,000	$10,150,000
Cost of goods sold	7,610,000	6,300,000
Gross profit	4,050,000	3,850,000
Expenses:
Operating expenses	1,690,000	1,640,000
Depreciation expense	200,000	200,000
Interest expense	49,000	49,000
Income tax expense	508,000	440,000
Total expenses	2,447,000	2,329,000
Net income	$1,603,000	$1,521,000

THE ATHLETIC ATTIC Balance Sheets December 31
	2019	2018	2017
Assets
Current assets:
Cash	$ 234,000	$ 163,000	$ 222,000
Accounts receivable	999,000	749,000	769,000
Inventory	1,734,000	1,364,000	1,034,000
Supplies	139,000	109,000	84,000
Long-term assets:
Equipment	1,460,000	1,460,000	1,460,000
Less: Accumulated depreciation	(690,000)	(490,000)	(290,000)
Total assets	$3,876,000	$3,355,000	$3,279,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 201,100	$ 132,000	$ 116,100
Interest payable	4,900	0	4,900
Income tax payable	49,000	44,000	39,000
Long-term liabilities:
Notes payable	590,000	590,000	590,000
Stockholders' equity:
Common stock	690,000	690,000	690,000
Retained earnings	2,341,000	1,899,000	1,839,000
Total liabilities and stockholders equity	$3,876,000	$3,355,000	$3,279,000

Required 1. Calculate the following risk ratios for 2018 and 2019: (Round your answers to 1 decimal place.) 2018 2019 Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio times times to 1 times times to 1 value 8.00 points 2. Calculate the following profitability ratios for 2018 and 2019: (Round your answers to 1 decimal place.) 2018 2019 Gross profit ratio Return on assets Profit margin Asset turnover times times