1. Use ratios to analyze a company's liquidity and solvency. Calculate Select Ratios - Excel ? J REVIEW VIEW Sign In FILE HOME INSERT PAGE LAYOUT FORMULAS DATA Clipboard Calibri Paste BIU Font C21 fx 4 11 * ' % Alignment Number Conditional Format as Cell Formatting Cells Editing Table Styles Styles 7 Prepaid Insurance 8 Total Current Assets 9 Property and Equipment, Net 10 Total Assets 11 12 Current Liabilities 13 Long-term Liabilities 14 Total Liabilities 15 Contributed Capital 16 Retained Earnings 17 Total Stockholders' Equity A 18 Total Liabilities and Stockholders' Equity 19 20 Income Statement 21 Net Sales (all on account) 22 Cost of Goods Sold 23 Gross Profit 24 Operating Expenses 25 Income from Operations 26 Interest Expense 27 Income before Income Tax Expense 28 Income Tax Expense 29 Net Income 30 Sheet1 B C D 11,900 5,880 380,900 341,880 514,500 407,000 $ 895,400 $ 748,880 $ 85,300 $ 96,800 284,000 224,000 369,300 320,800 299,000 299,000 227,100 129,080 526,100 428,080 $ 895,400 $ 748,880 $ 3,031,000 1,949,000 1,082,000 891,400 190,600 14,500 176,100 47,000 $ 129,100