VIDEO SCREENS CORPORATION
Balance Sheets
December 31, 2024 and 2023
	2024	2023
Assets
Current assets:
Cash	$200,600	$127,000
Accounts receivable	92,000	99,000
Inventory	102,000	87,000
Investments	4,700	2,700
Long-term assets:
Land	550,000	550,000
Equipment	860,000	740,000
Less: Accumulated depreciation	(498,000)	(338,000)
Total assets	$1,311,300	$1,267,700
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$106,000	$92,000
Interest payable	6,500	12,700
Income tax payable	8,500	5,700
Long-term liabilities:
Notes payable	110,000	220,000
Stockholders' equity:
Common stock	770,000	770,000
Retained earnings	310,300	167,300
Total liabilities and stockholders' equity	$1,311,300	$1,267,700

Additional information for 2024:

1. Net income is $143,000.
2. Sales on account are $1,776,300.
3. Cost of goods sold is $1,323,000.

Required: 1. Calculate the following risk ratios for 2024: 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio?