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

Required:

a) Calculate the following risk ratios for 2018 and 2019: (Round your answers to 1 decimal place.)

b) Calculate the following profitability ratios for 2018 and 2019: (Round your answers to 1 decimal place.)

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 Cost of goods sold $11.240,000 $9,700,000 7,340,000 6,000,000 Gross profit Expenses: 3,900,000 3,700,000 1.660,000 200,000 46,000 472,000 1,610,000 200,000 46,000 410,000 rating expenses Depreclation expense Interest expense Income tax expense Total expenses 2,378,000 2.266,000 Net Income $1,522,000 $1,434,000 THE ATHLETIC ATTIC Balance Sheets December 31 2019 2018 2017 Assets Current assets: Cash Accounts recelvable Inventony Supplies $ 231.000 996,000 1731,000 136,000 160,000 216,000 746,000 1361,000 106,000 766,000 1031,000 81,000 Long-term assets Equlpment Less: Accumulated depreclation 1340,000 (660,000) 1340,000 1,340,000 (260,000) (460,000) Total assets $3,774.000 $3,253.000 $3.174,000 Liabilities and Stockholders' Equity Current llabilities: Accounts payable Interest payable $ 192,400 $123,000 104,400 4,600 36,000 4.600 0 46,000 560,000 660,000 41,000 560,000 660,000 Income tax payable Long-term lablities: Notes payable 560,000 Stockholders' equity Common stock Retained earnings 660,000 1809,000 2,311,000 1,869,000 Total liabillities and stockholders' equity $3.774.000 $3,253,000 $3.174.000 Required: a) 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 in 1 b) Calculate the following profitability ratios for 2018 and 2019: (Round your answers to 1 decimal place.) 2018 2019 Gross profit ratio Return on assets Profit margin Asset turnover times times