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! Required: Assuming that all sales were on account, calculate the following risk ratios for 2 0 2 4 and 2 0 2 5 :
Required: Assuming that all sales were on account, calculate the following risk ratios for and : Round your answers to decimal place. Calculate the following profitability ratios for and : Round your answers to decimal place. Required Information Problem A Algo Use ratios to analyze risk and profitability LO The following information applies to the questions displayed below. Income statements and balance sheets data for Virtual Gaming Systems are provided below. tabletableVIRTUAL GAMING SYSTEMSIncome StatementsBNet sales,$theta $theta Cost of goods sold,theta theta theta Theta Gross profit,theta Expenses:Operating expenses,Depreciation expense,otheta theta Loss on sale of land,theta Interest expense,theta theta Income tax expense,Total expenses,Theta Net income, tabletableVIRTUAL GAMING SYSTEMSBalance SheetsDecember AssetsCurrent assets:Cash$theta theta $theta $theta Accounts receivable,theta InventoryPrepaid rent,Longterm assets:Investment in bonds,theta theta theta Landtheta theta Equipmenttheta theta Less: Accumulated depreciation,theta theta theta Total assets,$$$Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable,$$Theta $Interest payable,Income tax payable,theta Longterm liabilities:Notes payable,theta Theta Stockholders equity:Common stock,theta Theta theta Theta Theta Retained earnings,Total liabilities and stockholders' equity,$$$
Required:
Assuming that all sales were on account, calculate the following risk ratios for and : Round your answers to decimal
place. Calculate the following profitability ratios for and : Round your answers to decimal place.
Required Information
Problem A Algo Use ratios to analyze risk and profitability LO
The following information applies to the questions displayed below.
Income statements and balance sheets data for Virtual Gaming Systems are provided below.
tabletableVIRTUAL GAMING SYSTEMSIncome StatementsBNet sales,$theta $theta Cost of goods sold,theta theta theta Theta Gross profit,theta Expenses:Operating expenses,Depreciation expense,otheta theta Loss on sale of land,theta Interest expense,theta theta Income tax expense,Total expenses,Theta Net income,
tabletableVIRTUAL GAMING SYSTEMSBalance SheetsDecember AssetsCurrent assets:Cash$theta theta $theta $theta Accounts receivable,theta InventoryPrepaid rent,Longterm assets:Investment in bonds,theta theta theta Landtheta theta Equipmenttheta theta Less: Accumulated depreciation,theta theta theta Total assets,$$$Liabilities and Stockholders' EquityCurrent liabilities:Accounts payable,$$Theta $Interest payable,Income tax payable,theta Longterm liabilities:Notes payable,theta Theta Stockholders equity:Common stock,theta Theta theta Theta Theta Retained earnings,Total liabilities and stockholders' equity,$$$
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