PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 216, 400 94,000 103,000 4,800 128,000 109,000 8,000 2,800 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 560,000 870,000 (508,000) $1,340,200 560,000 750,000 (348,000) $1,280,800 $ 107,000 7,000 9,000 93,000 12,800 5,800 120,000 240,000 780,000 317,200 $1,340,200 780,000 149,200 $1,280,800 Additional information for 2021: 1. Net income is $168,000. 2. Sales on account are $1,813,900. 3. Cost of goods sold is $1,346,550. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) Additional information for 2021: 1. Net income is $168,000. 2. Sales on account are $1,813,900. 3. Cost of goods sold is $1,346,550. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal pl Answer is not complete. a. b. Risk Ratios Receivables turnover ratio Inventory turnover ratio Current ratio Acid-test ratio Debt to equity ratio C. 9.2 X times 14.1 times 3.4 to 1 to 1 78.2 % d. e