Virtual gaming systems income statement for the year ended december 31, 2018 net sales cost of goods sold $3,086.000 1,960,000 gross profit 1,126,000 expenses operating expenses depreciation expense loss on sale of land interest expense income tax expense $868,000 32,000 9,000 20,000 58,000 total expenses 987,000 net income $ 139,000 virtual gaming systems balance sheets december 31 2018 2017 assets current assets cash accounts receivable inventory prepaid rent $196,000 91,000 115.000 13,000 $154,000 70,000 145,000 7,200 long-term assets investment in bonds land equipment less: accumulated depreciation 115,000 220.000 280,000 (84.000) 250,000 220,000 (52.000) total assets $946,000 $794,200 liabilities and stockholders' equity current liabilities: accounts payable interest payable income tax payable $76,000 8,000 20,000 $ 91,000 4,000 15,000 long-term liabilities notes payable 295,000 235,000 stockholders' equity: common stochk retained earnings 310,000 237,000 310,000 139,200 total liabilities and stockholders' equity $946,000 $794,200 required: assuming that all sales were on account, calculate the following risk ratios for 2018. (use 365 days a year round your intermediate calculations and final answers to 1 decimal place.) risk ratios 1. receivables turnover ratio 2. average collection period 3. inventory turnover ratio 4. average days in inventory 5. current rati 6. acid-test ratio 7. debt to equity ratio 8. times interest earned ratio times days times days to 1 times