The balance sheets for Plasma Screens Corporation and additional information are provided below. 2017 $ PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 Assets Current assets: Cash $ 198,000 Accounts receivable 62,000 Inventory 87,000 Investments 3,200 Long-term assets: Land 400.000 Equipment 710,000 Less: Accumulated depreciation (348,000) 112,000 84,000 72,000 1,200 400,000 590,000 (188,000) Total assets $ 1,112,200 $ 1,071,200 $ $ 91,000 5,000 7.000 77,000. 11 200 4,200 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity Common stock Retained earnings 100,000 200,000 620,000 289,200 620,000 158,800 $ Total liabilities and stockholders' equity 1,112,200 $ 1.071,200 Additional information for 2018: 1. Net income is $130,400. 2. Sales on account are $1,248,300. 3. Cost of goods sold is $993,750. Required: 1. Calculate the following risk ratios for 2018: (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 No