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	$	151,300			$	117,000
Accounts receivable		72,000				89,000
Inventory		92,000				77,000
Investments		3,700				1,700
Long-term assets:
Land		450,000				450,000
Equipment		760,000				640,000
Less: Accumulated depreciation		(398,000	)			(238,000	)
Total assets	$	1,131,000			$	1,136,700
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	96,000			$	82,000
Interest payable		6,000				11,700
Income tax payable		8,000				4,700
Long-term liabilities:
Notes payable		110,000				220,000
Stockholders' equity:
Common stock		670,000				670,000
Retained earnings		241,000				148,300
Total liabilities and stockholders' equity	$	1,131,000			$	1,136,700

Additional information for 2021:

1. Net income is $92,700.
2. Sales on account are $1,416,800.
3. Cost of goods sold is $1,098,500.

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

Receivables Turnover Ratio, Inventory Turnover Ratio, Current Ratio, 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? multiple choice

• Yes

• No