The balance sheets for Company B and additional information are provided below. COMPANY B Balance Sheets December 31, Year 2 and Year 1 Year 2 Year 1 $ $ 158,800 84,000 98,000 4,300 123,000 95,000 83,000 2,300 510,000 820,000 (458,000) $1,217,100 510,000 700,000 (298,000) $1,215,300 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity $ $ 102,000 7,500 9,500 88,000 12,300 5,300 100,000 200,000 730,000 268,100 $1,217,100 730,000 179,700 $1,215,300 : Additional information for Year 2: 1. Net income is $88,400. 2. Sales on account are $1,628,900. 3. Cost of goods sold is $1,230,800. Required: 1. Calculate the following risk ratios for Year 2: (Round your answers to 1 decimal place.) Common stock Retained earnings Total liabilities and stockholders' equity 730,000 268,100 $1,217,100 730,000 179,700 $1,215, 300 Additional information for Year 2: 1. Net income is $88,400. 2. Sales on account are $1,628,900. 3. Cost of goods sold is $1,230,800. Required: 1. Calculate the following risk ratios for Year 2: (Round your answers to 1 decimal place.) times Risk Ratios a. Receivables turnover ratio b. Inventory turnover ratio c. Current ratio d. Acid-test ratio e. Debt to equity ratio times to 1 to 1 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Yes No