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Refer to the Nabisco Company information in the Steps above. Compare the company's long-term risk and capital structure positions at the end of 2019

   

Refer to the Nabisco Company information in the Steps above. Compare the company's long-term risk and capital structure positions at the end of 2019 and 2020 by computing these ratios: (1) debt and equity ratios, (2) debt-to-equity ratio, and (3) times interest earned. Comment on these ratio results. Refer to the Nabisco Company information in Steps above. Evaluate the company's efficiency and profitability by computing the following for 2020 and 2019: (1) profit margin ratio, (2) total asset turnover, and (3) return on total assets. Comment on these ratio results. VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $205,500 $189,000 $147,000 79,500 $4,000 63,000 129,500 108,000 138,000 14,300 12,300 6,360 108,000 108,000 e 303,000 213,000 243,000 303,000 273,000 213,000 Less: Accumulated depreciation (106,500) (73,500) (45,000) Total assets $1,036,300 $913,800 $765,360 Liabilities and stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable $161,400 $69,000 $120,260 9,900 6,600 3,300 12,300 16,500 14,300 430,000 288,000 228,000 stockholders' equity: Common stock 303,000 303,000 303,000 Retained earnings 119,700 230,700 96,500 Total liabilities and stockholders' equity $1,036,300 $913,800 $765,360

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