help please

The balance sheets for Plasma Screens Corporation and additional information are provided below. 2021 2020 $ $ 159,400 70,000 91,000 3,600 116,000 88,000 76,000 1,600 PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 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 440,000 750,000 (388,000) $1,126,000 440,000 630,000 (228,000) $1,123,600 $ $ 95,000 5,500 7,500 81,000 11,600 4,600 120,000 240,000 660,000 238,000 $1,126,000 660,000 126,400 $1,123,600 Additional information for 2021: 1. Net income is $111,600. 2. Sales on account are $1,382,500. 3. Cost of goods sold is $1,077,150. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) Total liabilities and stockholders' equity $1,126,000 $1,123,600 Additional information for 2021: 1. Net Income is $111,600. 2. Sales on account are $1,382,500. 3. Cost of goods sold is $1,077,150. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) times times Risk Ratios a. Receivables turnover ratio b. Inventory turnover ratio c. Current ratio d. Acid-test ratio e. Debt to equity ratio to 1 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Yes No