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
Assets
Current assets:
Cash	$	200,600			$	127,000
Accounts receivable		92,000				99,000
Inventory		102,000				87,000
Investments		4,700				2,700
Long-term assets:
Land		550,000				550,000
Equipment		860,000				740,000
Less: Accumulated depreciation		(498,000	)			(338,000	)
Total assets	$	1,311,300			$	1,267,700
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	106,000			$	92,000
Interest payable		6,500				12,700
Income tax payable		8,500				5,700
Long-term liabilities:
Notes payable		110,000				220,000
Stockholders' equity:
Common stock		770,000				770,000
Retained earnings		310,300				167,300
Total liabilities and stockholders' equity	$	1,311,300			$	1,267,700

Additional information for 2021:

1. Net income is $143,000.
2. Sales on account are $1,776,300.
3. Cost of goods sold is $1,323,000.

Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place)

2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio?

PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ $ 200,600 92,000 102,000 4,700 127,000 99,000 87,000 2,700 550,000 860,000 (498,000) $1,311,300 550,000 740,000 (338,000) $1,267, 700 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: T.and 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 $ S 106,000 6,500 8,500 92,000 12,700 5,700 110,000 220,000 770,000 310,300 $1,311,300 770,000 167,300 $1,267,700 Additional information for 2021: 1. Net income is $143,000. 2. Sales on account are $1,776,300. 3. Cost of goods sold is $1,323,000. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) times times Risk Ratios a. Receivables turnover ratio b. Inventory turnover ratio Current ratio d. Acid-test ratio e. Debt to equity ratio to 1 to 1