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requirea intormation Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below] Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net incone 23,206134,200 VIRTUAL GAMING SYSTENS Balance Sheets December 31 Assets Current assets: Cash Accounts receivable inventory Prepaid rent Long-tern assets: Investnent in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-tern liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total Liabilities and stockholders' equity \begin{tabular}{rrr} $205,500 & $189,000 & $147,000 \\ 79,500 & 84,000 & 63,00 \\ 129,500 & 108,000 & 138,00 \\ 14,300 & 12,300 & 6,360 \\ 108,000 & 108,000 & 0 \\ 303,000 & 213,000 & 243,000 \\ 303,000 & 273,000 & 213,000 \\ (106,500) & (73,500) & (45,000) \\ \hline$1,036,300 & $913,800 & $765,360 \\ \hline & & \\ \hline$161,400 & $69,000 & $120,260 \\ 9,900 & 6,600 & 3,300 \\ 12,300 & 16,500 & 14,300 \\ \hline 430,000 & 288,000 & 228,000 \\ \hline 303,000 & 303,000 & 303,000 \\ 119,700 & 230,700 & 96,500 \\ \hline$1,036,300 & $913,800 & $765,360 \\ \hline \end{tabular} Problem 12-6A (Algo) Part 1 Required: 1. Assuming that all sales were on account, calculate the following risk ratios for 2024 and 2025: (Round your answers to 1 decimal place.) [The following information applies to the questions displayed below] Income statements and balance sheets data for Virtual Gaming Systems are provided below. Problem 12-6A (Algo) Part 2 2. Calculate the following profitability ratios for 2024 and 2025: (Round your answers to 1 decimal place.) requirea intormation Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below] Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net incone 23,206134,200 VIRTUAL GAMING SYSTENS Balance Sheets December 31 Assets Current assets: Cash Accounts receivable inventory Prepaid rent Long-tern assets: Investnent in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-tern liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total Liabilities and stockholders' equity \begin{tabular}{rrr} $205,500 & $189,000 & $147,000 \\ 79,500 & 84,000 & 63,00 \\ 129,500 & 108,000 & 138,00 \\ 14,300 & 12,300 & 6,360 \\ 108,000 & 108,000 & 0 \\ 303,000 & 213,000 & 243,000 \\ 303,000 & 273,000 & 213,000 \\ (106,500) & (73,500) & (45,000) \\ \hline$1,036,300 & $913,800 & $765,360 \\ \hline & & \\ \hline$161,400 & $69,000 & $120,260 \\ 9,900 & 6,600 & 3,300 \\ 12,300 & 16,500 & 14,300 \\ \hline 430,000 & 288,000 & 228,000 \\ \hline 303,000 & 303,000 & 303,000 \\ 119,700 & 230,700 & 96,500 \\ \hline$1,036,300 & $913,800 & $765,360 \\ \hline \end{tabular} Problem 12-6A (Algo) Part 1 Required: 1. Assuming that all sales were on account, calculate the following risk ratios for 2024 and 2025: (Round your answers to 1 decimal place.) [The following information applies to the questions displayed below] Income statements and balance sheets data for Virtual Gaming Systems are provided below. Problem 12-6A (Algo) Part 2 2. Calculate the following profitability ratios for 2024 and 2025: (Round your answers to 1 decimal place.)
