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Income statement and balance sheet data for The Athletic Attic are provided below.

THE ATHLETIC ATTIC Income Statements For the years ended December 31
	2019	2018
Net sales	$12,640,000	$11,200,000
Cost of goods sold	8,240,000	7,000,000
Gross profit	4,400,000	4,200,000
Expenses:
Operating expenses	1,760,000	1,710,000
Depreciation expense	200,000	200,000
Interest expense	56,000	56,000
Income tax expense	592,000	510,000
Total expenses	2,608,000	2,476,000
Net income	$1,792,000	$1,724,000

THE ATHLETIC ATTIC Balance Sheets December 31
	2019	2018	2017
Assets
Current assets:
Cash	$ 241,000	$ 171,000	$ 236,000
Accounts receivable	1,006,000	756,000	776,000
Inventory	1,741,000	1,371,000	1,041,000
Supplies	146,000	116,000	91,000
Long-term assets:
Equipment	1,740,000	1,740,000	1,740,000
Less: Accumulated depreciation	(760,000)	(560,000)	(360,000)
Total assets	$4,114,000	$3,594,000	$3,524,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 221,400	$ 154,000	$ 143,400
Interest payable	5,600	0	5,600
Income tax payable	56,000	51,000	46,000
Long-term liabilities:
Notes payable	660,000	660,000	660,000
Stockholders' equity:
Common stock	760,000	760,000	760,000
Retained earnings	2,411,000	1,969,000	1,909,000
Total liabilities and stockholders equity	$4,114,000	$3,594,000	$3,524,000

Required: 1. Calculate the following risk ratios for 2018 and 2019: (Round your answers to 1 decimal place.) 2018 2019 Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio times times to 1 times times to 1 Check my work

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