PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current assets Cash Accounts receivable Inventory Investments $ 214,900 111,000 83,000 71,000 1,100 60,000 86,000 3,100 Long-term assets Land Equipment Less: Accumulated depreciation 390,000 700,000 (338,000) 390,000 580,000 (178,000) Total assets $1,116,000 $ 1,058,100 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable $90,000 $ 76,000 11,100 4,100 6,000 8,000 110,000 610,000 Long-term liabilities Notes payable 220,000 Stockholders' equity: Common stock Retained earnings 610,000 136,900 292,000 Total liabilities and stockholders' equity $1,116,000 1,058,100 Additional information for 2018 1. Net income is $155,100 2. Sales on account are $1,215,500 3. Cost of goods sold is $973,400 Required 1. Calculate the following risk ratios for 2018: (Round your answers to 1 decimal place.) Risk Ratios a. Receivables turnover ratio b. Inventory turnover ratio C. Current ratio d. Acid-test ratio e. Debt to equity ratio times times to 1 to 1