Required information [The following information applies to the questions displayed below.) Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income 1,078,000 856,000 2025 $3,500,000 2024 $3,026,000 2,478,000 1,948,000 1,022,000 953,000 28,000 26,000 0 7,800 17,000 14,000 7,800 47,000 1,005,800 950,800 16,200 127,200 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity 2025 2024 2023 $200,000 $184,000 $142,000 74,000 79,000 124,000 103,000 13,800 11,800 58,000 133,000 5,760 103,000 103,000 B 298,000 208,000 238,000 298,000 268,000 208,000 (94,000) (66,000) (40,000) $1,016,800 $890,800 $744,760 Current liabilities: Accounts payable $203,400 $64,000 $108,160 Interest payable Income tax payable 8,400 11,800 5,600 2,800 14,000 13,800 Long-term liabilities: Notes payable 380,000 283,000 223,000 Stockholders' equity: Common stock 298,000 298,000 298,000 Retained earnings 115,200 226,200 99,000 Total liabilities and stockholders' equity $1,016,800 $890,800 $744,760 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.) Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2024 2025 times times times times % %