Answer Happy

The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form, plus some information from the cash flow statement. Balance Sheet Cash and short-term investments Accounts receivable Inventory Other current assets Total current assets Long-lived assets Total assets Current liabilities. Total liabilities. Shareholders' equity Total liabilities and equity Income Statement Sales Cost of sales 2022 $ 645,992 47,821 347,452 115,535 1,156,800 575,332 $1,732, 132 $ 470,402 509,445 1,222,687 $1,732,132 $ 3,478,802 2,100,480 2021 $760,044 41,810 397,514 118, 120 1,317,488 624,982 $1,942,470 $ 450,401 522,286 1,420,184 $1,942,470 $ 3,121,565 1,990,471 202 $7. 1,21 $1,7 $41 4 1,3 $1,7 $ 2,9 1,7

Gross margin Operating expenses Earnings before interest and taxes Net income Interest paid in cash Taxes paid in cash Cash Flows Cash flow from operations Capital expenditures Dividends Inventory Turnover $1,378,322 974,784 $ 403,538 $ 247,108 95 143,509 Required: Calculate the following liquidity ratios for Metro Eagle in 2021 and 2022: 1. Inventory turnover. 2. Current ratio. 3. Quick ratio. 4. Cash flow ratio. 2022 $ 582,171 95,439 87,092 $1,131,094 854,385 $ 276,709 $153,205 197 100,506 $ 495,817 92,466 87,092 2021 $1,1 8 $3 $1.

Numerator Denominator Numerator Denominator Numerator Denominator Inventory Turnover Current Ratio Quick Ratio Cash Flow Ratio. 2022 2022 2022 2022 2021 2021 2021 2021