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 Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income 2025 $3,475,000 2,473,000 1,002,000 948,000 23,000 0 14,500 7,300 992,800 9,200 2024 $3,001,000 1,943,000 1,058,000 851,000 23,500 7,300 11,500 44,500 937,800 120, 200

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. Required: 1. Assuming that all sales wereton account, calculate the following risk ratios for 2024 and 2025 : (Round your an place.)