The following income statement and balance sheets for virtual gaming systems are provided. 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 $868,000 32,000 operating expenses depreciation expense loss on sale of land interest expense income tax expense 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 $154,000 70,000 145,000 7,200 91,000 115,000 13,000 long-term assets investment in bonds land equipment less: accumulated depreciation 115,000 220,000 280,000 (84,000) 0 250,000 220,000 (52,000) total assets $946,000 $794,200 liabilities and stockholders' equity current liabilities accounts payable interest payable $ 76,000 91,000 4,000 8,000 prepaid rent 13,000 7,200 long-term assets investment in bonds land equipment less: accumulated depreciation 115,000 220,000 280,000 (84,000) 0 250,000 220,000 (52,000) total assets s946,000 $794,200 liabilities and stockholders' equity current liabilities accounts payable interest payable income tax payable 8,000 20,000 $91,000 4,000 15,000 long-term liabilities notes payable 295,000 235,000 stockholders' equity: common stock retained earnings 310,000 237,000 310,000 139,200 total liabilities and stockholders' equity s946,000 $794,200 required: assuming that all sales were on account, calculate the following risk ratios for 2018. (use 365 days a year. r risk ratios 1. receivables turnover ratio times days 2. average collection perod 3 inventory turnover ratio 4 average days in inventory 5. current ratio 6. acid-test ratio 7 debt to equity ratio 8. times interest earned ratio days to 1 to 1