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: $ 242,000 $ 130,000 102,000 90,000 3,000 Cash 98,000 105,000 5,000 Investments Long-term assets: Land Equipment 580,000 890,000 (528,000) 580,000 770,000 (368,000) $ 1,392,000 $ 1,307.000 Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable $ 109,000$ 7,000 13,000 9,000 110,000 800,000 6,000 220,000 800,000 Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained eanings 357,000 173,000 $1,392,000 $ 1,307,000 Total liabilities and stockholders' 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 a. Receivables turnover ratio b. Inventory turnover ratio c. Current ratio d. Acid-test ratio e. Debt to equity ratio imes imes 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