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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 GRMING SYSTENS Balance Sheets Decetber 31 Assets Current assetst Long-term assets : Investment in bonds Land Zquipment Less: Accurulated depreciation Total assets: Liabilities and stockholders' Equity Current liabilitiest Accounts payable Interent payable Income tax payable Long-term liabliltiest Notes payable stockholders' equitys Common tock. Retained earnings Total 1iabilities and "toekholders' equity. \begin{tabular}{rrr} 305,000 & 305,000 & 305,000 \\ 121,500 & 232,500 & 95,500 \\ \hline$1,046,500 & $923,000 & $773,600 \\ \hline \end{tabular} 2. Calculate the following profitability ratios for 2024 and 2025: (Round your answers to 1 decimal place.) Step by Step Solution
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