The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2e2e $ 214,900 $ 111,000 60, eee 83,000 86, 71,000 3,100 1,100 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 390,000 390,000 7ee, eee 580, eee (338,000) (178,000) $1,116,000 $1,058, 108 v 90,000 $ 6, eee 8,000 76,800 11, 100 4,100 110,000 220,000 610,000 610,000 292,000 136,900 $1,116, 082 $1,858, 128 Additional information for 2021 1. Net income is $155,100. 2. Sales on account are $1,215,500 3. Cost of goods sold is $973,400. w 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 c. Current ratio d. Acid-test ratio e Debt to equity ratio to 1 to 1 % 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Yes