6,000 110,000 220,000 Income tax payable Long-term liabilities: Notes payable Stockholders equity: Common stock Retained earnings Total liabilities and stockholders equity 800,000 357 009 $1,392,000 800,000 173,000 $1,307,000 Additional Information for 2021 1. Netancome is $184,000. 2. Sales on account are $1,890.000. 3. Cost of goods sold is $1,394,250 Required: 1. Calculate the following risk ratios for 2021 (Round your answers to 1 decimal place.) Answer is complete but not entirely correct. a Risk Ratios Receivables turnover ratio Inventory turnover ratio Current ratio Acid-test ratio Debt to equity ratio c 18.6 X times 14.0 X times 3.3 X to 1 3.3 X to 1 21.4 % d e 2. When we compare two companies, can one have a higher current ratio while the other has Yes NO to search