Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 2024 $3,046,000 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity 2025 $3,520,000 2,482,000 1,952,000 1,038,000 1,094,000 957,000 860,000 32,000 28,000 0 8,200 19,000 16,000 8,200 49,000 1,016,200 961,200 21,800 132,800 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023 $204,000 78,000 $188,000 83,000 128,000 107,000 14,200 12,200 $146,000 62,000 137,000 6,240 107,000 107,000 0 302,000 212,000 242,000 302,000 272,000 212,000 (104,000) (72,000) (44,000) $1,031,200 $909,200 $761,240 Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: $168,600 9,600 $68,000 $117,840 12,200 6,400 16,000 3,200 14,200 Notes payable Stockholders' equity: 420,000 287,000 227,000 Common stock 302,000 302,000 302,000 Retained earnings 118,800 229,800 97,000 Total liabilities and stockholders' equity $1,031,200 $909,200 $761,240 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.) Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2024 2025 times times times times % % 2. Calculate the following profitability ratios for 2024 and 2025: (Round your answers to 1 decimal place.) Gross profit ratio Return on assets Profit margin Asset turnover 2024 2025 % % % % % % times times