1. Use ratios to analyze a company's liquidity and solvency. Calculate Select Ratios- Excel ? x FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 A A % Paste BIU- Alignment Number Conditional Format as Cell Table Styles Cells Editing Formatting Clipboard E Font 1 Styles C9 v E X fx 407000 A B D 1 Condensed financial statements for Games Galore are summarized below: 2 3 Balance Sheet 4 Cash Year 3 Year 2 $ 185,000 S 143,000 5 Accounts Receivable, Net 6 Inventory 7 Prepaid Insurance 8 Total Current Assets 80,000 59,000 104,000 134,000 11,900 5,880 380,9001 341,880 9 Property and Equipment, Net 514,500 407,000 10 11 Total Assets 12 Current Liabilities 13 Long-term Liabilities $ 895,400 $ 748,880 S 85,300 $ 96,800 284,000 224,000 14 Total Liabilities. Contributed Conital 369,300 320,800 200.000 300.000 < Prev 9 of 9 Next