Question: Just letter E please Additional information for 2021: 1. Net income is $129,400. 2. Sales on account are $1,739,000. 3. Cost of goods sold is

Additional information for 2021: 1. Net income is $129,400. 2. Sales on account are $1,739,000. 3. Cost of goods sold is $1,299,650. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal pl Answer is complete but not entirely correct. a. b. Risk Ratios Receivables turnover ratio Inventory turnover ratio Current ratio Acid-test ratio Debt to equity ratio C. 18.5 times 13.9 times 3.2 to 1 2.4 to 1 18.6 X 1% d. e. The balance sheets for Plasma Screens Corporation and additional Information are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 201,200 90,000 101,000 4,600 $ 126,000 98,000 86,000 2,600 540,000 540,000 850,000 730,000 (488,000) (328,000) $1,298,800 $1,254,600 Assets Current assets. Cash Accounts receivable Inventory Investments Long-term assets: Land 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 $ $ 105,000 8,500 10,500 91,000 12,600 5,600 100,000 200,000 760,000 760,000 314,800 185,400 $1,298,800 $1,254,600
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