PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 201,200 90,000 101,000 4,600 $ 126,000 98,000 86,000 2,600 540,000 540,000 850,000 730,000 (488,000) (328,000) $1,298,800 $1,254,600 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 $ $ 105,000 8,500 10,500 91,000 12,600 5,600 100,000 200,000 760,000 314,800 $1,298,800 760,000 185,400 $1,254,600 Additional information for 2021: 1. Net income is $129,400. 2. Sales on account are $1,739,000, 3. Cost of goods sold is $1,299,650. Required: Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) Risk Ratios a. Receivables tumover ratio b. Inventory turnover ratio c. Current ratio d. Acid-test ratio e. Debt to equity ratio times times to 1 to 1 %