The balance sheets for Dual Monitors Corporation and additional information are provided below. DUAL MONITORS CORPORATION Balance Sheets December 31, 2024 and 2023 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Investments Long-tern 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 $214,900 $111,000 60,000 83,000 86,000 71,000 3,100 1,100 390,000 390,000 700,000 580,000 (338,000) (178,000) $1,116,000 $1,058,100 $90,000 $76,000 6,000 8,000 11,100 4,100 110,000 220,000 610,000 292,000 610,000 136,900 Total liabilities and stockholders' equity $1,116,000 $1,058,100 Stockholders' equity: Common stock Retained earnings Additional information for 2024: 1. Net income is $155,100. 2. Sales on account are $1,215,500. 3. Cost of goods sold is $973,400. 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 hu anterinn vnur aneware in the rahe hainw 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 ratio times times c. Current ratio d. Acid-test ratio e. Debt to equity ratio %