VIDEO SCREENS CORPORATION Balance Sheets December 31,2024 and 2023 Assets Current assets: CashAccountsreceivableInventoryInvestments$217,60058,60085,0003,600$110,60082,60070,0001,600 Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current 1iabilities: Accounts payable Interest payable Incone tax payable Long-term 11abllities: Notes payable Stocikholders' equity: Common stock Retained earnings Total 11abilities and stockholders. equity \begin{tabular}{rr} 380,000 & 380,000 \\ 690,000 & 570,060 \\ (328,090) & (168,000) \\ \hline$1,105,600 & $1,045,600 \\ \hline \end{tabular} Additional information for 2024 : 1. Net income is $169.600. 2. Sales on account are $1,183,000. 3. Cost of goods soid is $953.250. 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? Complete this question by entering your answers in the tabs below. Calculate the following risk ratios for 2024: (Round your answers to 1 decimal place.)