Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 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 1,098,000 2025 $3,525,000 2024 $3,051,000 2,483,000 1,953,000 1,042,000 958,000 861,000 33,000 28,500 0 8,300 19,500 16,500 8,300 49,500 963,800 134,200 1,018,800 23,200 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $205,500 $189,000 $147,000 79,500 84,000 63,000 129,500 108,000 138,000 14,300 12,300 6,360 108,000 108,000 0 303,000 213,000 243,000 303,000 273,000 213,000 Less: Accumulated depreciation (106,500) (73,500) (45,000) Total assets $1,036,300 $913,800 $765,360 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $161,400 $69,000 $120,260 Interest payable 9,900 6,600 3,300 Income tax payable 12,300 16,500 14,300 Long-term liabilities: Notes payable 430,000 288,000 228,000 Stockholders' equity: Common stock 303,000 303,000 303,000 Retained earnings 119,700 230,700 96,500 Total liabilities and stockholders' equity $1,036,300 $913,800 $765,360 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 % %