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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

image text in transcribedimage text in transcribedimage text in transcribed 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. Assets Current assets: Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable \begin{tabular}{rrr} 103,000 & 103,000 & 0 \\ 298,000 & 208,000 & 238,000 \\ 298,000 & 268,000 & 208,000 \\ (94,000) & (66,000) & (40,000) \\ \hline$1,016,800 & $890,800 & $744,760 \\ \hline \hline & & \\ $203,400 & $64,000 & $108,160 \\ 8,400 & 5,600 & 2,800 \\ 11,800 & 14,000 & 13,800 \\ & & \\ 380,000 & 283,000 & 223,000 \\ 298,000 & 298,000 & 298,000 \\ 115,200 & 226,200 & 99,000 \\ \hline$1,016,800 & $890,800 & $744,760 \\ \hline \hline \end{tabular} Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 2. Calculate the following profitability ratios for 2024 and 2025: (Round your answers to 1 decimal place.)

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