[The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the years ended December 31 2021 $3,001,000 1,943.000 1,858, 000 2022 Net sales $3,475, 000 2,473,000 1, 802, 000 Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense 851,00e 23,500 7,300 11,5ee 44.500 937,800 948, 000 23,000 14,500e 7.300 992,800 Income tax expense Total expenses Net income 9, 200 120, 200 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2020 2022 2021 Assets Current assets: $ 197,500 71,500 121, 500 13,300 Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds $179,000 74, 000 98,00e 11,300 $137,000 53,000 128, 000 5,160 98,000 293,000 293,000 (81,500) 98,000 203,000 263,000 (58,500) 233,000 203,000 (35,000) Land Equipment Less: Accumulated depreciation $1, 806, 300 Total assets $867,800 $724,160 Liabilities and Stockholders' Equity Current liabilities: $ 59,000 4,600 11,500 Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: $ 254,400 6,900 11,300 $ 96,060 2,300 13, 3 338, 218,00e 278, 00e Common stock 293,000 110,700 293,000 221,700 293, 000 Retained earnings 101.500 Total liabilities and stockholders' equity $1,006, 300 $867, 800 $724,160 Requlred: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.) 2021 2022 Receivables turnover ratio times times times times Inventory turnover ratio to 1 Current ratio to 1 9% Debt to equity ratio