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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
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 Balance Sheets December 31 202520242023 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent: $208,50082,500132,50014,500$191,00086,000110,00012,500$149,00065,000140,0006,600 Long-term assets: Investment in bonds Land Equipment Less A Accumulated depreciation Total assets Liabilities and stockholders" Equity current 1 iabilities: Accounts payable Interest payable Income tax payable Long-term 11 abilities: Notes payable Stockholders " equity: Common stock Retained earnings Total 1 fabilities and stockholders' equity 2. Calculate the following profitability ratios for 2024 and 2025: (Round your answers to 1 decimal place.)
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