The balance sheets for Monitor World Corporation and additional information are provided below.

MONITOR WORLD CORPORATION
Balance Sheets
December 31, 2024 and 2023
	2024	2023
Assets
Current assets:
Cash	$137,200	$118,000
Accounts receivable	74,000	90,000
Inventory	93,000	78,000
Investments	3,800	1,800
Long-term assets:
Land	460,000	460,000
Equipment	770,000	650,000
Less: Accumulated depreciation	(408,000)	(248,000)
Total assets	$1,130,000	$1,149,800
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$97,000	$83,000
Interest payable	5,500	11,800
Income tax payable	7,500	4,800
Long-term liabilities:
Notes payable	100,000	200,000
Stockholders' equity:
Common stock	680,000	680,000
Retained earnings	240,000	170,200
Total liabilities and stockholders' equity	$1,130,000	$1,149,800

Additional information for 2024:

1. Net income is $69,800.
2. Sales on account are $1,451,400.
3. Cost of goods sold is $1,120,050.

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?

The balance sheets for Monitor World Corporation and additional information are provided below. Additional information for 2024: 1. Net income is $69,800, 2. Sales on account are $1,451,400. 3. Cost of goods sold is $1,120,050. 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