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

MONITOR WORLD CORPORATION

Balance Sheets

December $31,2024$ and $2023$

$20242023$

Assets

Current assets:

Cash $$170,200$ $$115,000$

Accounts receivable $68,00087,000$

Inventory $90,00075,000$

Investments $3,5001,500$

Long$-$term assets:

Land $430,000430,000$

Equipment $740,000620,000$

Less: Accumulated depreciation $(378,000)(218,000)$

Total assets $$1,123,700$ $$1,110,500$

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $$94,000$ $$80,000$

Interest payable $5,50011,500$

Income tax payable $7,5004,500$

Long$-$term liabilities:

Notes payable $100,000200,000$

Stockholders' equity:

Common stock $650,000650,000$

Retained earnings $266,700164,500$

Total liabilities and stockholders' equity $$1,123,700$ $$1,110,500$

Additional information for $2024$:

Net income is $$102,200.$

Sales on account are $$1,348,500.$

Cost of goods sold is $$1,056,000.$

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?