$2$

$4$

points

$03$:$08$:$07$

Additional information for $2024$:

Net income is $$129,400.$

Sales on account are $$1,739,000.$

Cost of goods sold is $$1,299,650.$

Required:

Calculate the following risk ratios for $2024$ :

When we compare two companies, can one have a higher current ratio while the other has a higher acid$-$test ratio?

Complete this question by entering your answers in the tabs below.

References

Required $1$

Required $2$

Calculate the following risk ratios for $2024$: $($Round your answers to $1$ decimal place.$)$

$\backslash$table$[[$Risk Ratios,$],[$a$.$ Receivables turnover ratio,,times$],[$b$.$ Inventory turnover ratio,,times$],[$c$.$ Current ratio,,$],[$d$.$ Acid$-$test ratio,,$],[$e$.$ Debt to equity ratio,,$\%$

Exercise $12-7($Algo$)$ Calculate risk ratios $($LO$12-3)$

The balance sheets for Dual Monitors Corporation and additional information are provided below.

$\backslash$table$[[\backslash$table$[[$DUAL MONITORS CORPORATION$],[$Balance Sheets$],[$December $31,2024$ and $2023]],2024,2023],[\backslash$table$[[$Assets$],[$Current assets:$]]],[$Cash$,$$$201,200,$$$126\mathrm{.}000$