PLASMA SCREENS CORPORATION Balance Sheets Deceber 31, 2021 and 2020 2023 2820 $ 170,200 $ 115,00 68,00 87,00 90,000 75,00 3,5 1,5 Assets 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 430, we 438, 740,000 620,00 (378.000 (218,000 $1,123,700 51.110,50 1 99,00 5 5,500 25 1,000 11,50 4,500 100, 200, 650.000 se, 265,700 164,50 51,123,700 $1,110,500 Additional information for 20213 1. Net Income is $102,200 2. Sales on account are $1,348,500 3. Cost of goods sold is $1,056.000 Required: 1. Calculate the following nisk ratios for 2021. (Round your answers to decimal place.) Risk Ratios Receivabe turnover ratio Inventory turnover ratio Current ratio Acid-test ratio Debt to equity ratio times times to 1 to 2. When we compare two companies, can one have a higher current ratio while the other has a higher cid-test ratio Yes NO