Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales Cost of goods sold) Gross profit Expenses: VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income 2025 $3,475,000 2,473,000 1,002,000 2024 $3,001,000 1,943,000 1,058,000 948,000 851,000 23,000 23,500 e 7,300 14,500 11,500 7,300 44,500 992,800 937,800 9,200 120,200 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023 Land Assets Current assets: Cash Accounts receivable. Inventory Prepaid rent Long-term assets: Investment in bonds Equipment $197,500 $179,000 $137,000 71,500 74,000 53,000 121,500 98,000 128,000 13,300 11,300 5,160 98,000 98,000 0 293,000 203,000 233,000 293,000 263,000 203,000 Less: Accumulated depreciation (81,500) (58,500) (35,000) Total assets $1,006,300 $867,800 $724,160 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $254,400 $59,000 $96,060 Interest payable 6,900 Income tax payable 11.300 4,600 11.500. 2,300 13.300 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment 2025 2024 2023 $197,500 71,500 $179,000 74,000 $137,000 53,000 121,500 98,000 13,300 11,300 128,000 5,160 98,000 98,000 e 293,000 203,000 233,000 293,000 Less: Accumulated depreciation 263,000 203,000 (81,500) (58,500) (35,000) Total assets $1,006,300 $867,800 $724,160 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $254,400 $59,000 $96,060 Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 6,900 11,300 4,600 11,500 2,300 13,300 330,000 278,000 218,000 293,000 293,000 293,000 110,700 221,700 101,500 $1,006,300 $867,800 $724,160 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 % %