The following income statement and balance sheet for VirtualGaming Systems are provided.VIRTUAL GAMING SYSTEMSIncome StatementFor the year ended December 31, 2012  Sales revenue $3,039,000      Cost of goods sold 1,951,000         Gross profit 1,088,000     Expenses:      Operating expenses 868,000         Depreciation expense 42,000         Loss on sale of land 9,400         Interest expense 16,200         Income tax expense 48,600           Total expenses984,200      Net income $ 103,800    VIRTUAL GAMING SYSTEMSBalance SheetDecember 312012 2011  Assets  Current assets:      Cash $217,000       $ 152,000            Accounts receivable117,000       70,000            Inventory116,000       138,000            Prepaid rent28,000       26,000      Long-term assets:      Investment in bonds130,000       0            Land 219,000      241,000            Equipment 165,000      169,000            Less: Accumulated depreciation(72,000)       (30,000)                 Totalassets $ 920,000       $ 766,000        Liabilities and Stockholders’ Equity  Current liabilities:      Accounts payable $76,000       $ 93,000            Interest payable6,000       8,000            Income tax payable19,000       27,000        Long-term liabilities:      Notes payable286,000       233,000        Stockholders’ equity:      Common stock298,000       263,000            Retained earnings235,000       142,000              Total liabilitiesand stockholdersAc€?c equity $920,000       $ 766,000      Required:Assuming that all sales were on account, calculate the followingrisk ratios for 2012. (Round your intermediate and final answers to1 decimal place. Omit the “%” sign in your response)  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