Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income 2025 $3,460,000 2,470,000 990,000 2024 $2,986,000 1,940,000 1,046,000 945,000 848,000 20,000 22,000 8 7,000 13,000 10,000 7,000 43,000 985,000 5,000 930,000 116,000 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment $196,000 $176,000 $134,000 70,000 71,000 50,000 120,000 95,000 125,000 13,000 11,000 4,800 95,000 95,000 e 290,000 200,000 230,000 290,000 260,000 200,000 Less: Accumulated depreciation (74,000) (54,000) (32,000) Total assets $1,000,000 $854,000 $711,800 Liabilities and stockholders' Equity Current liabilities: Accounts payable $285,000 $56,000 $88,800 Interest payable 6,000 4,000 2,000 Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 11,000 10,000 13,000 300,000 275,000 215,000 290,000 290,000 290,000 108,000 219,000 103,000 $1,000,000 $854,000 $711,800 Required: 1. Assuming that all sales were on account, calculate the following risk ratios for 2024 and 2025: (Round your answers to 1 decimal place.) Receivables turnover ratio Inventory turnover ratio Current ratio Debt to equity ratio 2024 2025 times times times times % %