The balance sheets for Dual Monitors Corporation and additional information are provided below. DUAL MONITORS CORPORATION Balance Sheets December 31, 2024 and 2023 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 2024 2023. $158,800 $123,000 84,000 95,008 98,000 83,000 4,300 2,300 510,000 510,000 820,000 700,000 (458,000) (298,000) $1,217,100 $1,215,300 Interest payable Income tax payable: Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional information for 2024 1. Net income is $88,400. 2. Sales on account are $1,628,900. 3. Cost of goods sold is $1,230,800. $102,000 $88,000 7,500 9,500 12,300 5,300 100,000 200,000 730,000 730,000 268,100 179,700 $1,217,100 $1,215,300 Required: 1. Calculate the following risk ratios for 2024: 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Complete this question by entering your answers in the tabs below. 3 ints ALUME LO pou Long-term Liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity. eBook Additional information for 2024: 1. Net income is $88,400. 2. Sales on account are $1,628,900. 3. Cost of goods sold is $1,230,800. 100,000 200,000 730,000 268,100 730,000 179,700 $1,217,100 $1,215,300 Required: 1. Calculate the following risk ratios for 2024: 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the following risk ratios for 2024: (Round your answers to 1 decimal place.) Risk Ratios a. Receivables turnover ratio b. Inventory turnover ratid c. Current ratio times times d. Acid-test ratio e. Debt to equity ratio % Recuted Required 2 >