PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 128,500 76,000 94,000 3,900 119,000 91,000 79,000 1,900 470,000 780,000 (418,000) $1,134,400 470,000 660,000 (258,000) $1,162,900 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and $ $ 98,000 6,000 8,000 84,000 11,900 4,900 120,000 240,000 690,000 ,400 4,400 690,000 132,100 $1,162,900 st Additional information for 2021: 1. Net income is $80,300. 2. Sales on account are $1,486,300. 3. Cost of goods sold is $1,141,800. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) 344500.0 times times Risk Ratios a. Receivables turnover ratio b. Inventory turnover ratio c. Current ratio d. Acid-test ratio e. Debt to equity ratio