Required: 1. Calculate the following risk ratios for 2024 : 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Complete this question by entering your answers in the tabs below. Calculate the following risk ratios for 2024: (Round your answers to 1 decimal place.) 2. Prepare a horizontal analysis of Sports Unlimited's 2024 balance sheet using 2023 as the base year, (Values to be deducted and decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) Required: 1. Prepare a vertical analysis of Sports Unlimited's 2024 and 2023 balance sheets. Express each amount as a percentage of total assets for that year. (Amounts to be deducted should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) DUAL MONITORS CORPORATION Balance Sheets December 31,2024 and 2023 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Les5: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-tera liabilities: Notes payable stockholders i equity: common stock Retained earnings Total 1iabilities and stockholdens' equity \begin{tabular}{rr} $201,200 & $126,000 \\ 90,000 & 98,600 \\ 101,000 & 86,000 \\ 4,600 & 2,600 \\ 549,000 & 540,000 \\ 850,000 & 730,000 \\ (488,000) & (328,000) \\ \hline$1,298,800 & $1,254,600 \\ \hline & \\ \hline$105,000 & $91,000 \\ 8,500 & 12,600 \\ 10,500 & 5,600 \\ 100,000 & 200,000 \\ & \\ \hline 760,000 & 760,000 \\ 314,800 & 185,400 \\ \hline 51,298,800 & $1,254,600 \\ \hline \end{tabular} Additional information for 2024 : 1. Net income is $129,400 2. Sales on occount are $1.739.000 3. Cost of goodt sold is \$1,299,650 \begin{tabular}{|c|c|c|c|c|c|c|} \hline Cash & s & 207,000 & $ & 130,900 & & \\ \hline Accounts receivable & & 103,500 & & 50,400 & & \\ \hline Inventory & & 82,800 & & 119,700 & & \\ \hline Prepaid rent & & 25,200 & & 12,600 & & \\ \hline \multicolumn{7}{|l|}{ Long-term assets: } \\ \hline Investment in bonds & & 99,900 & & 16,000 & & \\ \hline Land & & 229,500 & & 232,400 & & \\ \hline Equipment & & 213.300 & & 189,000 & & \\ \hline Less: Accumulated depreciation & & (61,200) & & (35,000) & & \\ \hline Total assets & s. & 900.000 & \$: & 716.000 & & \\ \hline \multicolumn{7}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline \multicolumn{7}{|l|}{ Current liabilities: } \\ \hline Accounts payable & \$: & 83700 & s & 97,300 & & \\ \hline Interest payabie: & & 12600 & & 6.300 & & \\ \hline Income tax payabie & & 18.000 & & 11,900 & & \\ \hline \multicolumn{7}{|l|}{ Long-term labilites: } \\ \hline Notes payable & & 276300 & & 180600 & & \\ \hline \multicolumn{7}{|l|}{ Stocknolders equity: } \\ \hline Common stock & & 252000 & & 252,000 & & \\ \hline Retained earninos & & 257400 & & 167900 & & \\ \hline Total liabilities and stockholders equity & s & 900,000 & s. & 716,000 & & \\ \hline \end{tabular}