Required:

Calculate the following risk ratios for $2024$ :

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.

Required $1$

Required $2$

Calculate the following risk ratios for $2024$: $($Round your answers to $1$ decimal place.$)$The balance sheets for Video Screens Corporation and additional information are provided below.

$\backslash$table$[[\backslash$table$[[$VIDEO SCREENS CORPORATION$],[$Balance Sheets$],[$December $31,2024$ and $2023]],2024,2023],[$Assets$],[$Current assets:$],[$Cash$,$$$200,600,$$$127,000],[$Accounts receivable,$92,000,99,000],[$Inventory$,102,000,87,000],[$Investments$,4,700,2,700],[$Long$-$term assets:$],[$Land$,550,000,550,000],[$Equipment$,860,000,740,000,],[$Less: Accumulated depreciation,$(498,000),(338,000)],[$Total assets,$$1,311,300,$$$1,267,700],[$Liabilities and Stockholders' Equity$],[],[$Accounts payable,$$106,000,$$$92,000],[$Interest payable,$6,500,12,700],[$Income tax payable,$8,500,5,700],[$Lonq$-$term liabilities:$],[$Notes payable,$110,000,220,000,],[$Stockholders$\text{'}$ equity:$],[$Common stock,$770,000,770,000,],[$Retained earnings,$310,300,167,300],[$Total liabilities and stockholders' equity,$$1,311,300,$$$1,267,700]]$

Additional information for $2024$ :

Net income is $$143,000.$

Sales on account are $$1,776,300.$

Cost of goods sold is $$1,323,000.$

Required:

Calculate the following risk ratios for $2024$ :

When we compare two companies, can one have a higher current ratio while the other has a higher acid$-$test ratio?