The balance sheets for Plasma Screens Corporation and additional Information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 177,600 66,000 89,000 3,400 114,000 86,000 74,000 1,400 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 420,000 730,000 (368,000) $1,118,000 420,000 610,000 (208,000) $1,097, 400 $ 93,000 5,000 7,000 79,000 11,400 4,400 220,000 110,000 640,000 263,000 $1,118,000 640,000 142,600 $1,097,400 Additional information for 2021 1. Net income is $120,400. 2. Sales on account are $1,314,800. 3. Cost of goods sold is $1.035,050. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) times Risk Ratios a. Receivables turnover ratio b. Inventory turnover ratio Current ratio times to 1 d to 1 Acid-test ratio Debt to equity ratio 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