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[The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. d: ning that

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[The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. d: ning that all sales were on account, calculate the following risk ratios for 2024 and 2025 . (Round your answers to VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit \begin{tabular}{cr} 2025 & 2024 \\ $3,535,600 & $3,661,600 \\ 2,485,000 & 1,955,600 \\ \hline 1,050,600 & 1,106,600 \end{tabular} Expenses: operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net Income \begin{tabular}{rr} 960,000 & 863,000 \\ 35,000 & 29,500 \\ 0 & 8,560 \\ 20,560 & 17,500 \\ 8,560 & 50,500 \\ \hline 1,024,000 & 969,000 \\ \hline 26,000 & 137,060 \\ \hline \hline \end{tabular} d: ning that all sales were on account, calculate the following risk ratios for 2024 and 2025 . (Round your answers to Required: 1. Assuming that all saies were on account, calculate the following risk ratios for 2024 and 2025 (Round your answers to 1 decimal piece.)

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