Calculate the following risk ratios for 2018

PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current assets Cash Accounts receivable Inventory Investments $144,400 122,000 94,000 82,000 2,200 82,000 97,000 4,200 Long-term assets Land Equipment Less: Accumulated depreciation 500,000 810,000 (448,000) 500,000 690,000 (288,000) Total assets $ 1,189,600 $ 1,202,200 Liabilities and Stockholders' Equity Current liabilities Accounts payable Interest payable $ 101,000 7,000 9,000 87,000 12,200 5,200 Income tax payable Long-term liabilities Notes payable Stockholders' equity: Common stock 120,000 240,000 720,000 232,600 720,000 137,800 Retained earnings Total liabilities and stockholders' equity $ 1,189,600 $ 1,202,200 Additional information for 2018: 1. Net income is $94,800 2. Sales on account are $1,592,800 3. Cost of goods sold is $1,208,250 Additional information for 2018: 1. Net income is $94,800. 2. Sales on account are $1,592,800. 3. Cost of goods sold is $1,208,250. Required: 1. Calculate the following risk ratios for 2018: (Round your answers to 1 decimal place.) Risk Ratios a. Receivables turnover ratio b. Inventory turnover ratio c. Current ratio d. Acid-test ratio e. Debt to equity ratio times times to 1 to 1 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? O Yes No