Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.)

The balance sheets for Plasma Screens Corporation and additional information are provided below.

PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020
	2021				2020
Assets
Current assets:
Cash	$	170,200			$	115,000
Accounts receivable		68,000				87,000
Inventory		90,000				75,000
Investments		3,500				1,500
Long-term assets:
Land		430,000				430,000
Equipment		740,000				620,000
Less: Accumulated depreciation		(378,000	)			(218,000	)
Total assets	$	1,123,700			$	1,110,500
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	94,000			$	80,000
Interest payable		5,500				11,500
Income tax payable		7,500				4,500
Long-term liabilities:
Notes payable		100,000				200,000
Stockholders' equity:
Common stock		650,000				650,000
Retained earnings		266,700				164,500
Total liabilities and stockholders' equity	$	1,123,700			$	1,110,500

Additional information for 2021:

1. Net income is $102,200.
2. Sales on account are $1,348,500.
3. Cost of goods sold is $1,056,000.

Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.)

Risk Ratios

a.	Receivables turnover ratio		times
b.	Inventory turnover ratio		times
c.	Current Ratio		to 1
d.	Acid-Test Ratio		to 1
e.	Debt to equity ratio		%