PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 173,600 $ 124,000 86,000 96,000 99,000 84,000 4,400 2,400 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 520, een 830, eee (468,000) $1,245,000 52 , 71 , (38 , ) $1,228,400 $ 103,000 $ 89,000 8 , 12,400 1 , 5,400 11 , 220,000 740,000 74 , 274,000 161,600 $1,245,000 $1,228,400 1,245,000 $1,228,400 Additional information for 2021: 1. Net income is $112,400. 2. Sales on account are $1,665,300. 3. Cost of goods sold is $1,253,550. Required: 1. Calculate the following risk ratios for 2021: (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 1.2 times times to 1 to 1 %