mework (i) The balance sheets for Monitor World Corporation and additional information are provided below. MONITOR WORLD CORPORATION Balance Sheets December 31, 2024 and 2023 Assets 2024 2023 Current assets: Cash Accounts receivable Inventory Investments Long-term assets: 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 $137,20074,00093,0003,800$118,00090,00078,0001,800 \begin{tabular}{rr} 460,000 & 460,000 \\ 770,000 & 650,000 \\ (408,000) & (248,000) \\ \hline$1,130,000 & $1,149,800 \\ \hline \hline \end{tabular} Additional information for 2024: 1. Net income is $69,800. 2. Sales on account are $1,451,400. 3. Cost of goods sold is $1,120,050. Required: 1. Calculate the following risk ratios for 2024 : 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? common stock Retained earnings Total liabilities and stockholders' equity Additional information for 2024: 1. Net income is $69,800. 2. Sales on account are $1,451,400. 3. Cost of goods sold is $1,120,050. Required: 1. Calculate the following risk ratios for 2024 : 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Complete this question by entering your answers in the tabs below. Required 1 Required 2 When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? common stock Retained earnings Total liabilities and stockholders' equity Additional information for 2024: 1. Net income is $69,800. 2. Sales on account are $1,451,400. 3. Cost of goods sold is $1,120,050. Required: 1. Calculate the following risk ratios for 2024 : 2. When we compare two companies, can one have a higher current ratio while the other has a higher ac Complete this question by entering your answers in the tabs below. Calculate the following risk ratios for 2024: (Round your answers to 1 decimal place.)