Exercise 12-7A Calculate risk ratios (L012-3) The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 158, 800 84,000 98,000 4,300 $ 123,000 95,000 83,000 2,300 510,000 820,000 (458,000) $1,217,100 510,000 700,000 (298,000) $1,215,300 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land 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 $ $ $ 102,000 7,500 9,500 88,000 12,300 5,300 100,000 200,000 730,000 268,100 $1,217,100 730,000 179, 700 $1,215,300 Exercise 12-7A Calculate risk ratios (L012-3) The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 158, 800 84,000 98,000 4,300 $ 123,000 95,000 83,000 2,300 510,000 820,000 (458,000) $1,217,100 510,000 700,000 (298,000) $1,215,300 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land 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 $ $ $ 102,000 7,500 9,500 88,000 12,300 5,300 100,000 200,000 730,000 268,100 $1,217,100 730,000 179, 700 $1,215,300