Problem 12-4A (Algo) Calculate risk ratios (LO12-3) The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the Year Ended December 31, 2024 Net sales $3,081,000 Cost of goods sold 1,959,000 Gross profit 1,122,000 Expenses: Operating expenses $867,000 Depreciation expense 31,500 Loss on sale of land 8,900 Interest expense 19,500 Income tax expense 57,000 Total expenses 983,900 Net income $138,100 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2024 2023 Assets Current assets: Cash $195,000 $153,000 Accounts receivable 90,000 69,000 Inventory 114,000 144,000 Prepaid rent 12,900 7,080 Long-term assets: Investment in bonds 114,000 0 Land

Assuming that all sales were on account, calculate the following risk ratios for 2024 . (Use 365 days a year. Round your final answers to 1 decimal place.)