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 $ $ 232,600 96,000 104,000 4,900 129,000 101,000 89,000 2,900 570,000 880,000 (518,000) $1,369,500 570,000 760,000 (358,000) $1,293,900 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 $ $ 108,000 7,500 9,500 94,000 12,900 5,900 100,000 200,000 790,000 354,500 $1,369,500 790,000 191,100 $1,293,900 Additional information for 2021: 1. Net income is $163,400. 2. Sales on account are $1,851,800. 3. Cost of goods sold is $1,370,300. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) Risk Ratios a. Receivables turnover ratio times times b. Inventory turnover ratio c. Current ratio to 1 d. Acid-test ratio to 1 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? O Yes O No