A 1. Use ratios to analyze a company's liquidity and solvency. Calculate Select Ratios - Excel PAGE LAYOUT FORMULAS FILE HOME INSERT Calibri 11 Paste BIU- Clipboard Font A1 x DATA REVIEW VIEW 4 10 Sign In Alignment Number Conditional Format as Cell Cells Formatting Table Styles- Styles Editing fx Condensed financial statements for Games Galore are summarized below: A 1 Condensed financial statements for Games Galore are summarized below: B 2 3 Balance Sheet 4 Cash 2016 2015 $ 185,000 $ 143,000 5 Accounts Receivable, Net 6 nventory 7 Prepaid Insurance 80,000 59,000 104,000 134,000 11,900 5,880 8 Total Current Assets 380,900 341,880 9 Property and Equipment, Net 514,500 407,000 10 Total Assets $ 895,400 $ 748,880 11 14 Total Liabilities 12 Current Liabilities 13 .ong-term Liabilities 15 Contributed Capital 16 Retained Earnings $ 85,300 $ 96,800 284,000 224,000 369,300 320,800 299,000 299,000 227,100 129,080 17 Total Stockholders' Equity 526,100 428,080 $ 895,400 $ 748,880 18 Total Liabilities and Stockholders' Equity 19 20 ncome Statement 21 Net Sales (all on account) 22 Cost of Goods Sold 23 Gross Profit 24 Operating Expenses READY Attempt(s) Sheet1 $ 3,031,000 1,949,000 1,082,000 891 400 D 100% Hint