The balance sheets for Plasma Screens Corporation and additional information are provided below.

Additional information for 2018:
1. Net income is $111,600.
2. Sales on account are $1,382,500.
3. Cost of goods sold is $1,077,150.
Required:
1. Calculate the following risk ratios for 2018:
A. Receivables turnover ratio times
B. Inventory turnover ratio times
C. Current ratio to 1
D. Acid-test to 1
E. Debt to equity ratio

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PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current assets: Cash 159,400 116,000 Accounts receivable 70,000 88,000 91,000 Inventory 76,000 3,600 Investments 1,600 Long-term assets: Land 440,000 440,000 Equipment 750,000 630,000 Less: Accumulated depreciation (388,000) (228,000) 1,126,000 S Total assets 1,123,600 Liabilities and Stockholders' Equity Current liabilities: Accounts payable 95,000 81,000 Interest payable 5,500 11,600 Income tax payable 4,600 7,500 Long-term liabilities: Notes payable 120,000 240,000 Stockholders' equity: Common stock 660,000 660,000 Retained earnings 238,000 126,400 Total liabilities and stockholders' equity 1,126,000 1,123,600