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The balance sheets for Plasma Screens Corporation and additional information are provided below. Additional information for 2021: 1. Net income is $94,800. 2. Sales on
The balance sheets for Plasma Screens Corporation and additional information are provided below. Additional information for 2021: 1. Net income is $94,800. 2. Sales on account are $1,592,800. 3. Cost of goods sold is $1,208,250. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Yes No
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