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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: CashAccountareceivableInventoryPrepaidrent$200,50074,500124,50013,900$185,00080,000104,00011,900$143,00059,000134,0005,880 Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term 1iabilities: Notes payable stockholders' equity: Common stock Retained earnings Total 1iabilities and stoekholders' equity \begin{tabular}{ccc} 104,000 & 104,000 & 0 \\ 299,000 & 209,000 & 239,000 \\ 299,000 & 269,000 & 209,000 \\ (96,500) & (67,500) & (41,000) \\ \hline$1,018,900 & $895,400 & $748,880 \\ \hline \end{tabular} Required: 1. Assuming that all sales were on account, calculate the following risk ratios for 2024 and 2025: (Round your answers to 1 decimal place.)

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