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The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017

The balance sheets for Plasma Screens Corporation and additional information are provided below.

PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017
2018 2017
Assets
Current assets:
Cash $ 128,500 $ 119,000
Accounts receivable 76,000 91,000
Inventory 94,000 79,000
Investments 3,900 1,900
Long-term assets:
Land 470,000 470,000
Equipment 780,000 660,000
Less: Accumulated depreciation (418,000) (258,000)
Total assets $ 1,134,400 $ 1,162,900
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 98,000 $ 84,000
Interest payable 6,000 11,900
Income tax payable 8,000 4,900
Long-term liabilities:
Notes payable 120,000 240,000
Stockholders' equity:
Common stock 690,000 690,000
Retained earnings 212,400 132,100
Total liabilities and stockholders' equity $ 1,134,400 $ 1,162,900

Additional information for 2018:

1. Net income is $80,300.

2. Sales on account are $1,486,300.

3. Cost of goods sold is $1,141,800.

Required:Calculate the following risk ratios for 2018: (Round your answers to 1 decimal place.)

Risk Ratios
a. Receivables turnover ratio times
b. Inventory turnover ratio times
c. Current ratio to 1
d. Acid-test ratio to 1
e. Debt to equity ratio %

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