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	$	242,000			$	130,000
Accounts receivable		98,000				102,000
Inventory		105,000				90,000
Investments		5,000				3,000
Long-term assets:
Land		580,000				580,000
Equipment		890,000				770,000
Less: Accumulated depreciation		(528,000	)			(368,000	)
Total assets	$	1,392,000			$	1,307,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	109,000			$	95,000
Interest payable		7,000				13,000
Income tax payable		9,000				6,000
Long-term liabilities:
Notes payable		110,000				220,000
Stockholders' equity:
Common stock		800,000				800,000
Retained earnings		357,000				173,000
Total liabilities and stockholders' equity	$	1,392,000			$	1,307,000

Additional information for 2021:

1. Net income is $184,000.
2. Sales on account are $1,890,000.
3. Cost of goods sold is $1,394,250.

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

Risk Ratios a Receivables turnover ratio times b times Inventory turnover ratio Current ratio C. to 1 to 1 d. Acid-test ratio 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