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tbe ones with the green check marks are correct. i need help answering the empty boxes The following income statement and balance sheets for Virtual

tbe ones with the green check marks are correct. i need help answering the empty boxes image text in transcribed
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The following income statement and balance sheets for Virtual Gaming Systems are provided VIRTUAL GAMING SYSTEMS Income Statenent For the year anded December 31, 2021 Net sales $3,876,800 Cost of goods sold 1,958, Grass profit 1,118,60 Expenses: Operating expenses $866, ene Depreciation expense 31,800 Loss on sale of land 8,800 Interest expense 19,800 Income tax expense 56,60e Total expenses 98e, see Net Income $ 137,200 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 Assets Current assets Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds $194.800 89,00 113,eee 12,689 $152,608 68,888 143,000 113.00 218.00 278, 81.ee $936.888 248.000 218.80e Sexes 5.785,960 Equipment Less: Accumulated deprestation To assets Liabilities and Stockholders Equity Current Tablities Alcounts payable Le payable Tricome tax payat lonem abilities e payable 3.74,000 2,688 19 De $ 89,800 3. Bee 293, on Pas 89,600 113,000 12.800 248, 68.ee 143,000 6,960 113,000 218, eee 278,000 (81,800) $936,800 248,00 218.00 (S0,000) $785, 960 Accounts receivable Inventory Prepaid rent 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 Habilities: Notes payable Stockholders equity! Connon stock Retained earnings Total abilities and stockholders' equity $ 74,000 7,600 19,000 $ 89,90 3,800 14, see 293,00 233,000 308,000 235,200 $936, 800 308, cee 137,368 $785,960 Required: Assuming that al sales were on account calculate the following risk ratios for 2021. (Use 365 days a year. Round your final answe to 1 decimal place.) Answer is not complete. Risk Ratios Receivables tumover ratio Average collection period Inventory turnover ratio Average days in Inventory Current ratio Acid-est ratio Debt to equity ratio Times Herest earned ratio 392times days 153 times days 41 10 5 6. 8 mes Prer 6.816

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