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Required information Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below.] Income statements

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Required information Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Balance Sheets December 31 Assets Current assets: CashAccountsreceivableInventoryPrepaidrent$196,50070,500120,50013,100$177,00072,00096,00011,100$135,00051,000126,0004,920 Long-ters assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity current liabilities: Accounts payable Interest payable Incose tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and 5tockholders' equity \begin{tabular}{rrr} 96,000 & 96,000 & 0 \\ 291,000 & 201,000 & 231,000 \\ 291,000 & 261,000 & 201,000 \\ (76,500) & (55,500) & (33,000) \\ \hline$1,002,100 & $858,600 & $715,920 \\ \hline \end{tabular} 2. Calculate the following profitability ratios for 2024 and 2025: (Round your answers to 1 decimal place.)

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