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 $ 173,600 86,000 99,000 4,400 124,000 96,000 84,000 2,400 520,000 830,000 (468,000) $1,245,000 520,000 710,000 (308,000) $1,228,400 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 $ $ 103,000 8,000 10,000 89,000 12,400 5,400 110,000 220,000 740,000 274,000 $1,245,000 740,000 161,600 $1,228,400 Additional information for 2021: 1. Net income is $112,400. 2. Sales on account are $1.665.300. 3. Cost of goods sold is $1,253.550. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) times Risk Ratios Receivables turnover ratio Inventory turnover ratio Current ratio a b. c. d times to 1 Acid-test ratio to 1 e 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 NO