BOOK Calculator Problem 8-80A (Algorithmic) Ratio Analysis Consider the following information taken from GER's financial statements: September 30 (in thousands) 2020 2019 Current assets: Cash and cash equivalents $6,450 Receivables $1,274 30,071 31,796 16,548 Inventories 14,072 Other current assets 4,818 Total current assets 2,620 $39,690 $67,959 Current liabilities: Current portion of long-term debt $97 $3,530 Accounts payable 23,124 11,228 Accrued compensation costs 5,606 1,929 Accrued expenses 9,108 5,054 Other current liabilities 874 777 Total current liabilities $38,809 $22.518 Also, GER's operating cash flows were $12,807 and $14,862 in 2020 and 2019, respectively. Required: Check My Work 6 more Check My Work uses remaining All work saved, w.comil/takomssignment/lake Assignment Main doinvokerStake AssignmentSessionlocator &inprogress=false Libe Maps eBook Calculator Required: Round your answers to two decimal places. 1. Calculate the current ratios for 2020 and 2019. Current Ratio 2020 1.7 2019 1.76 2. Calculate the quick ratios for 2020 and 2019. Quick Ratio 0.93 X 2020 2019 1.14 X 3. Calculate the cash ratios for 2020 and 2019. Cash Ratio 2020 0.03 2019 0.29 4. Calculate the operating cash flow ratios for 2020 and 2019. Operating Cash Flow Ratio 2020 0.3 2019 0.68 X Check My Work more CheckMy Womaning All work saved. BOOK Calculator Problem 8-80A (Algorithmic) Ratio Analysis Consider the following information taken from GER's financial statements: September 30 (in thousands) 2020 2019 Current assets: Cash and cash equivalents $6,450 Receivables $1,274 30,071 31,796 16,548 Inventories 14,072 Other current assets 4,818 Total current assets 2,620 $39,690 $67,959 Current liabilities: Current portion of long-term debt $97 $3,530 Accounts payable 23,124 11,228 Accrued compensation costs 5,606 1,929 Accrued expenses 9,108 5,054 Other current liabilities 874 777 Total current liabilities $38,809 $22.518 Also, GER's operating cash flows were $12,807 and $14,862 in 2020 and 2019, respectively. Required: Check My Work 6 more Check My Work uses remaining All work saved, w.comil/takomssignment/lake Assignment Main doinvokerStake AssignmentSessionlocator &inprogress=false Libe Maps eBook Calculator Required: Round your answers to two decimal places. 1. Calculate the current ratios for 2020 and 2019. Current Ratio 2020 1.7 2019 1.76 2. Calculate the quick ratios for 2020 and 2019. Quick Ratio 0.93 X 2020 2019 1.14 X 3. Calculate the cash ratios for 2020 and 2019. Cash Ratio 2020 0.03 2019 0.29 4. Calculate the operating cash flow ratios for 2020 and 2019. Operating Cash Flow Ratio 2020 0.3 2019 0.68 X Check My Work more CheckMy Womaning All work saved