hapter 12 Homework graded Help Save & Exit Submit Check my work 1 Exercise 12-7A Calculate risk ratios (L012-3) 10 points ellook Hint Print References The balance sheets for Plasma Screens Corporation and additional information are provided below. PLASMA SCRRINS CORPORNTTON Balance Sheets December 31, 2021 and 2020 2021 2020 Annet Current stai Canh $ 217,600 $ 110,000 Mccounts receivable 58.000 R2,000 Tnventory 85,000 70,000 Investments 3,000 1.000 Long-term assets Land 380,000 380,000 Equipment 690,000 570,000 Leani Accumulated depreciation (320,000) (160,000) Total asset 01.105,600 61,045,000 Liabilities and stockholdeen quity Current liabilitat Accounts payable 89,000 75,000 Interest payable 5,000 11,000 Income tax payable 7.600 4.000 Long-term labities Notes payable 120,000 240.000 Stockholders equity Common stock 600,000 400,000 Metained og 200.000 115,000 total liabilities and stockholders wity 31.105.60 11.045,000 Check my work 1 Common stock Retained earnings Total liabilities and stockholders' equity 600,000 600,000 284,600 115,000 $1,105,600 $1,045,000 0 points BOOK Additional Information for 2021 1. Net Income is $169,600, 2. Sales on account are $1,183,000, 3. Cost of goods sold is $953,250. Required: 1. Calculate the following risk ratlos for 2021 (Round your answers to 1 decimal place.) Hint PM References times Rok Ratios .. Receivables tumover ratio b. Inventory turnover ratio a. Current ratio d Acid-testo Detto equity ratio times to 1 to 1 IX