Required information [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 Income Statements For the Years Ended December 31 Net sales 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 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent 2025 $3,490,000 2024 $3,016,000 2,476,000 1,946,000 1,014,000 1,070,000 951,000 854,000 26,000 25,000 0 7,600 16,000 13,000 7,600 46,000 1,000,600 13,400 945,600 124,400 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023 $199,000 73,000 123,000 $182,000 77,000 $140,000 101,000 56,000 131,000 13,600 11,600 5,520 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation $199,000 $182,000 $140,000 73,000 77,000 123,000 101,000 56,000 131,000 13,600 11,600 5,520 101,000 101,000 0 296,000 206,000 236,000 296,000 266,000 206,000 (89,000) (63,000) (38,000) Total assets $1,012,600 $881,600 $736,520 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $223,800 $62,000 $103,320 Interest payable Income tax payable 7,800 11,600 5,200 13,000 2,600 13,600 Long-term liabilities: Notes payable Stockholders' equity: Common stock 360,000 281,000 221,000 296,000 296,000 296,000 Retained earnings 113,400 224,400 100,000 Total liabilities and stockholders' equity $1,012,600 $881,600 $736,520 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 % %