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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		1,070,000				1,126,000
Expenses:
Operating expenses		965,000				868,000
Depreciation expense		40,000				32,000
Loss on sale of land		0				9,000
Interest expense		23,000				20,000
Income tax expense		9,000				58,000
Total expenses		1,037,000				987,000
Net income	$	33,000			$	139,000

VIRTUAL GAMING SYSTEMS
Balance Sheets
December 31
	2022				2021				2020
Assets
Current assets:
Cash	$	216,000			$	196,000			$	154,000
Accounts receivable		90,000				91,000				70,000
Inventory		140,000				115,000				145,000
Prepaid rent		15,000				13,000				7,200
Long-term assets:
Investment in bonds		115,000				115,000				0
Land		310,000				220,000				250,000
Equipment		310,000				280,000				220,000
Less: Accumulated depreciation		(124,000	)			(84,000	)			(52,000	)
Total assets	$	1,072,000			$	946,000			$	794,200
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	161,000			$	76,000			$	91,000
Interest payable		12,000				8,000				4,000
Income tax payable		13,000				20,000				15,000
Long-term liabilities:
Notes payable		450,000				295,000				235,000
Stockholders' equity:
Common stock		310,000				310,000				310,000
Retained earnings		126,000				237,000				139,200
Total liabilities and stockholders equity	$	1,072,000			$	946,000			$	794,200

Required: 1. Calculate the following risk ratios for 2021 and 2022: (Round your answers to 1 decimal place.)

	2021 2022 Receivables turnover ratio times times Inventory turnover ratio times times Current ratio to 1 to 1 Debt to equity ratio % %

2. Calculate the following profitability ratios for 2021 and 2022: (Round your answers to 1 decimal place.)

	2021 2022 Gross profit ratio % % Return on assets % % Profit margin % % Asset turnover times times

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