Prepaid rent Long-term assets: Investment in bonds Land Equipment 13,200 11,200 5,040 97,000 97,000 0 292,000 202,000 232,000 292,000 262,000 202,000 Less: Accumulated depreciation (79,000) (57,000) (34,000) Total assets $1,004,200 $863,200 $720,040 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $264,600 $58,000 $93,640 Interest payable 6,600 4,400 2,200 Income tax payable 11,200 11,000 13,200 Long-term liabilities: Notes payable 320,000 277,000 217,000 Stockholders' equity: Common stock 292,000 292,000 292,000 Retained earnings 109,800 220,800 102,000 Total liabilities and stockholders' equity $1,004,200 $863,200 $720,040 Required: 1. Assuming that all sales were on account, calculate the following risk ratios for 2024 and 2025: (Round your answers to 1 decimal place.) Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2024 2025 times times times times 4.9 1.4 % %