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 2025 2024 $3,555,000 $3,081,000 2,489,000 1,959,000 1,066,000 1,122,000 964,000 867,000 39,000 31,500 0 8,900 22,500 19,500 8,900 52,500 1,034,400 31,600 979,400 142,600 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 $214,500 88,500 $195,000 90,000 $153,000 69,000 138,500 114,000 144,000 14,900 12,900 7,080 114,000 114,000 0 309,000 219,000 249,000 309,000 279,000 219,000 Less: Accumulated depreciation (121,500) (82,500) (51,000) Total assets $1,066,900 $941,400 $790,080 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock $118,200 11,700 12,900 $75,000 7,800 19,500 $134,780 3,900 14,900 490,000 294,000 234,000 309,000 Retained earnings 125,100 309,000 236,100 309,000 93,500 Total liabilities and stockholders' equity $1,066,900 $941,400 $790,080 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 % %