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 Assets Current assets: Cash $ 116,800 $ 120,000 Accounts receivable 78,000 92,000 Inventory 95,000 80,000 Investments 4,000 2,000 Long-term assets: Land 480,000 480,000 Equipment 790,000 670,000 Less: Accumulated depreciation (428,000 ) (268,000 ) Total assets $ 1,135,800 $ 1,176,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 99,000 $ 85,000 Interest payable 6,000 12,000 Income tax payable 8,000 5,000 Long-term liabilities: Notes payable 100,000 200,000 Stockholders' equity: Common stock 700,000 700,000 Retained earnings 222,800 174,000 Total liabilities and stockholders' equity $ 1,135,800 $ 1,176,000 Additional information for 2021: Net income is $48,800. Sales on account are $1,521,500. Cost of goods sold is $1,163,750. Required: 1. Calculate the following risk ratios for 2021: (Round your answers to 1 decimal place.) 2. When we compare two companies, can one have a higher current ratio while the other has a higher acid-test ratio

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02