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 Balance Sheets December 31 Assets Current assets: Long-term assets: Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity \begin{tabular}{rrr} 295,000 & 295,000 & 295,000 \\ 112,500 & 223,500 & 100,500 \\ \hline$1,010,500 & $877,000 & $732,400 \\ \hline \hline \end{tabular} 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.) \begin{tabular}{|l|l|l|l|l|} \hline & \multicolumn{2}{|c|}{2024} & \multicolumn{2}{c|}{2025} \\ \hline Gross profit ratio & % & % \\ \hline Return on assets & % & & % \\ \hline Profit margin & % & & % \\ \hline Asset turnover & & times & & times \\ \hline \end{tabular}