Income statement and balance sheet data for Virtual Gaming Systems are provided below.

VIRTUAL GAMING SYSTEMS
Income Statements
For the Years Ended December 31
	2025	2024
Net sales	$ 3,560,000	$ 3,086,000
Cost of goods sold	2,490,000	1,960,000
Gross profit	1,070,000	1,126,000
Expenses:
Operating expenses	965,000	868,000
Depreciation expense	40,000	32,000
Loss on sale of land	0	9,000
Interest expense	23,000	20,000
Income tax expense	9,000	58,000
Total expenses	1,037,000	987,000
Net income	$ 33,000	$ 139,000

VIRTUAL GAMING SYSTEMS
Balance Sheets
December 31
	2025	2024	2023
Assets
Current assets:
Cash	$ 216,000	$ 196,000	$ 154,000
Accounts receivable	90,000	91,000	70,000
Inventory	140,000	115,000	145,000
Prepaid rent	15,000	13,000	7,200
Long-term assets:
Investment in bonds	115,000	115,000	0
Land	310,000	220,000	250,000
Equipment	310,000	280,000	220,000
Less: Accumulated depreciation	(124,000)	(84,000)	(52,000)
Total assets	$ 1,072,000	$ 946,000	$ 794,200
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 161,000	$ 76,000	$ 91,000
Interest payable	12,000	8,000	4,000
Income tax payable	13,000	20,000	15,000
Long-term liabilities:
Notes payable	450,000	295,000	235,000
Stockholders' equity:
Common stock	310,000	310,000	310,000
Retained earnings	126,000	237,000	139,200
Total liabilities and stockholders equity	$ 1,072,000	$ 946,000	$ 794,200

Required:

1. Assuming that all sales were on account, Calculate the following asset management and risk ratios for 2025 and 2024 1 decimal place: Receivable Turnover Ratio 2025 Receivable Turnover Ratio 2024 Inventory turnover Ratio 2025 Inventory turnover Ratio 2024 Current Ratio 2025

Current Ratio 2024 debt to equity Ratio 2025

debt to equity Ratio 2024