Exercise 12-7 (Algo) Calculate risk ratios (LO12-3)

Additional information for 2024 : 1. Net income is $129,400. 2. Sales on account are $1,739,000. 3. Cost of goods sold is $1,299,650. Required: 1. Calculate the following risk ratios for 2024: 2. 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. Calculate the following risk ratios for 2024: (Round your answers to 1 decimal place.) Complete this question by entering your answers in the tabs below. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio