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

Income statement and balance sheet data for The Athletic Attic are provided below. 2021 $11,650,000 7,300,000 4,350,000 THE ATHLETIC ATTIC Income Statements For the years ended December 31 2022 Net sales $13,060,000 Cost of goods sold 8,510,000 Gross profit 4,550,000 Expenses: Operating expenses 1,790,000 Depreciation expense 200,000 Interest expense 59,000 Income tax expense 628,000 Total expenses 2,677,000 Net income $ 1,873,000 1,740,000 200,000 59,000 540,000 2,539,000 $ 1,811,000 THE ATHLETIC ATTIC THE ATHLETIC ATTIC Balance Sheets December 31 2022 2021 2020 $ 244,000 1,009,000 1,744,000 149,000 $ 174,000 759,000 1,374,000 119,000 $ 242,000 779,000 1,044,000 94,000 1,860,000 (790,000) $4,216,000 1,860,000 (590,000) $3,696,000 1,860,000 (390,000) $3,629,000 Assets Current assets: Cash Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ 230, 100 5,900 59,000 $ 163,000 0 54,000 $ 155, 100 5,900 49,000 690,000 690,000 690,000 790,000 2,441,000 $4,216,000 790,000 1,999,000 $3,696,000 790,000 1,939,000 $3,629,000 2021 times times Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2022 times times to 1 % to 1 % 2021 2022 % % % % Gross profit ratio Return on assets Profit margin Asset turnover % % times times