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

Required:
1. Calculate the following risk ratios for 2024:
a. Receivables turnover ratio.
b. Inventory turnover ratio.
c. Current ratio.
d. Acid-test ratio.
e. Debt to equity ratio.
2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio? Explain your answer.

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Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land PLASMA SCREENS CORPORATION Balance Sheets December 31, 2024 and 2023 Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 2024 $ 242,000 98,000 105,000 5,000 580,000 890,000 (528,000) $1,392,000 $ 109,000 7,000 9,000 110,000 800,000 357,000 $1,392,000 2023 $ 130,000 102,000 90,000 3,000 580,000 770,000 (368,000) $1,307,000 $ 95,000 13,000 6,000 220,000 800,000 173,000 $1,307,000