The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current assets Cash Accounts receivable Inventory Investments $ 242,000 $ 130,000 102,000 90,000 3,000 98,000 105,000 5,000 Long-term assets Land Equipment Less: Accumulated depreciation 580,000 770,000 (528,000) (368,000) 580,000 890,000 Total assets $1,392,000 $1,307,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable $ 109,000 $ 95,000 13,000 6,000 7,000 9,000 110,000 800,000 Long-term liabilities Notes payable 220,000 Stockholders' equity: Common stock Retained earnings 800,000 173,000 357,000 Total liabilities and stockholders' $1,392,000 $1,307,000 equity Additional information for 2018 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 2018: (Round your answers to 1 decimal place.) Risk Ratios Receivables turnover ratio imes Inventory turnover ratio times c. Current ratio d. Acid-test ratio e. Debt to equity ratio to 1 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? 0 Yes No