Income statement and balance sheet data for Ringling Company are provided below RINGLING COMPANY Income Statements For the Years Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts payable Interest payable Ended December 31 2025 $ 12,200,000 8,800,000 9,080,000 6,270,008 3,120,000 2,530,000 Accounts receivable Inventory Supplies Long-term assets: Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2,250,000 1,900,000 134,000 37,000 141,000 Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 2024 97,000 90.000 120,000 2,562,000 2,207,000 $ 558,000 $ 323,000 RINGLING COMPANY Balance Sheets December 31 2024 times times to 1 $ Required 1 2025 Calculate the following risk ratios for 2024 and 2025: Note: Round your answers to 1 decimal place. 2025 $ 390,000 $ 238,000 1,250,000 $ 216,000 700,000 900,000 999,000 1,300,000 1,150,000 130,000 95,000 75,000 1,150,000 1,250,000 950,000 (460,000) (363,000) (266,000) 3,459,000 3,220,000 3,025,000 $ times times to 1 % 2024 Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 $ $ 70,000 7,000 9,000 58,000 60,000 250,000 450,000 950,000 920,000 925,000 2,124,000 1,786,000 1,624,000 3,459,000 3,220,000 3,025,000 Required: 1. Calculate the following risk ratios for 2024 and 2025: 2. Calculate the following profitability ratios for 2024 and 2025 3. Based on the ratios calculated, did the overall risk and profitability of the company improve from 2024 to 2025? $ 2023 $ 75,000 $ 65,000 11,000 50,000 350,000 Required 2 > $ $ $

Ineome statement and balsnce sheel dyla for Ringling Campany are peovided below Aequlred: 1. Cokulate the following risk ratios for 2024 and 2025 2. Calculate the foliowing profitability ratios for 2024 and 2025 . 3. Eesod on the ratios calculated, did the overall risk and profitataty of the conpary inprove frem 2024 to 2025 ? Complete this question by entering your answers in the tabs below. Caiculate the following risk raties for 2024 and 2025 : Notel Round your answers to 1 decimal place. 1. Calculate the following risk ratios for 2024 and 2025 : 2. Calculate the following profitability ratios for 2024 and 2025 : 3. Based on the ratios calculated, did the overall risk and profitability of the company improve from 2024 to 2025 ? Complete this question by entering your answers in the tabs below. Calculate the following profitability ratios for 2024 and 2025: Note: Round your answers to 1 decimal place. 1. Calculate the following risk ratios for 2024 and 2025 : 2. Calculate the following profitability ratios for 2024 and 2025 : 3. Based on the ratios calculated, did the overall risk and profitability of the company improve from 2024 to 2025 ? Complete this question by entering your answers in the tabs below. Based on the ratios calculated, did the overall risk and profitability of the company improve from 2024 to 2025 ? Income statement and balance sheet data for Ringling Company are provided below