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Income statements and balance sheets data for Virtual Gaming Systems are provided below. Required: 1. Assuming that all sales were on account, calculate the following
Income statements and balance sheets data for Virtual Gaming Systems are provided below. 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.) 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 Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $196,50070,500120,50013,100$177,00072,00096,00011,100$135,00051,000126,0004,920 \begin{tabular}{rrr} 96,000 & 96,000 & 0 \\ 291,000 & 201,000 & 231,000 \\ 291,000 & 261,000 & 201,000 \\ (76,500) & (55,500) & (33,000) \\ \hline$1,002,100 & $858,600 & $715,920 \\ \hline \end{tabular} $274,8006,30011,100$57,0004,20010,500$91,2202,10013,100 310,000 \begin{tabular}{rrr} 291,000 & 291,000 & 291,000 \\ 108,900 & 219,900 & 102,500 \\ \hline$1,002,100 & $858,600 & $715,920 \\ \hline \end{tabular}
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