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multiple parts**** Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Balance Sheets Decesber 31 Assets Current assets:
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Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Balance Sheets Decesber 31 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent 202520242023 Long-term assets: Investment in bonds Land Equipment Less: Accunulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockhotders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $216,00090,000140,00015,000$196,00091,000115,00013,000$154,00070,000145,0007,200 \begin{tabular}{ccr} 115,000 & 115,000 & 0 \\ 310,000 & 220,000 & 250,000 \\ 310,000 & 280,000 & 220,000 \\ (124,000) & (84,000) & (52,080) \\ \hline$1,072,000 & $946,000 & $794,200 \\ \hline \end{tabular} Required: 1. Assuming that all sales were on account, calculate the following risk ratios for 2024 and 2025 : (Round your answers fo 1 decimal place.) 2. Calculate the following profitability ratios for 2024 and 2025: (Round your answers to 1 decimal place.) Step by Step Solution
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