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Please help!! Required information Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below.]
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Required information Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Balance Sheets December 31 Assets Current assets: Long-term assets: Investment in bonds Land Equpment Less: Accumulated depreciation Total asiseto Liabilities and stockholders' Equity 202520242023 Current liabilitiest Recounts payable Interest payable Income tax payable Long-term liabilities Notes payable stoekholders equity: Comon stock Retained earnings Total 11abilitien and stockholders* equity \begin{tabular}{rrr} 110,000 & 110,000 & 0 \\ 305,000 & 215,000 & 245,000 \\ 305,000 & 275,000 & 215,000 \\ (111,500) & (76,500) & (47,000) \\ \hline$1,046,500 & $923,000 & $773,600 \\ \hline \end{tabular} Requited: 1. Assurning that all sales were on account, calculate the following risk ratios for 2024 and 2025: (Round your answers to 1 decimal place.) Step by Step Solution
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