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 S 216,400 $ 128,000 94,000 100,000 103,000 88,000 4,800 2,800 560,000 870,000 (508,000) $1,340,200 560,000 750,000 (348,000) $1,280,800 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 $ $ 107,000 7,000 9,000 93,000 12,800 5,800 120,000 240,000 780,000 780,000 317,200 149,200 $1,340,200 $1,280,800 Additional information for Year 2: 1. Net income is $168,000. 2. Sales on account are $1,813,900. 3. Cost of goods sold is $1,346,550. Required: 1. Calculate the following risk ratios for Year 2: (Round your answers to 1 decimal place.) Total liabilities and stockholders' equity SL1200 $1,340,200 149.200 $1,280,800 Additional information for Year 2: 1 1. Net income is $168,000. 2. Sales on account are $1,813,900. 3. Cost of goods sold is $1,346,550. 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 O No