Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Balance Sheets December 31 Assets 2025 Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Libilities and stockholders' Equity Current liabilities: Accounts payable $285,000 $56,000 $88,800 income tax expense Total expensien Net income VIRTUAL GAMING SYSTEMS Balance Sheets Docember 31 2025 2024 2023 Assets Current assetat Cash Accounts receivable Inventory Prepaid rent Long-term assets: Inveotment in bonds Libilities and stockhoiders' Equity current liabilitiesi Accountn payable Interest payable Income tax payable Long-term 11abilitiea Notes payable Stockholders: equity: Common atock Retained earnings Total llabilites and stookholdera' equity $285,000 6,000 11,000 300,000 290,000 108,000 $56,000 4,000 $88,800 2,000 \begin{tabular}{rrr} $1,000,000 & 219,000 & 103,000 \\ \hline$854,000 & $711,800 \\ \hline \end{tabular} Problem 12-6A (Algo) Part 1 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.) Problem 12-6A (Algo) Part 2 2. Calculate the following profitablity ratios for 2024 and 2025: (Round your answers to 1 decimal place.)