VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 Cash Assets Current assets: Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $196,000 $154,000 91,000 70,000 115,000 145,000 13,000 7,200 115,000 0 220,000 250,000 280,000 220,000 Less: Accumulated depreciation (84,000) (52,000) Total assets $946,000 $794,200 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $76,000 $ 91,000 Interest payable 8,000 Income tax payable 20,000 4,000 15,000 Long-term liabilities: Notes payable 295,000 235,000 Stockholders' equity: Common stock. 310,000 310,000 Retained earnings 237,000 139,200 Total liabilities and stockholders' equity $946,000 $794,200 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 2. Average collection period days 3. Inventory turnover ratio times 4. Average days in inventory days 5. Current ratio to 1 6. Acid-test ratio to 1 7. Debt to equity ratio % 8. Times interest earned ratio times