Check The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form, plus some information from the cash flow statement. 2019 $ 647,992 48,021 349, 452 113,335 1,158,800 574,332 $1,733,132 $ 475,402 510,245 1, 222,887 $1,733, 132 2018 $ 762,044 42,010 401,514 115,920 1,321,488 621,982 $1,943, 470 $ 456,401 522,886 1,420,584 $1,943, 470 2017 $ 751,693 40,121 318,208 98,388 1, 208,410 568,302 $1,776,712 404,837 422,241 1,354, 471 $1,776,712 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 debt and equity Income Statement Sales Cost of sales 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 $3,479,202 2,102,480 $1,376,722 972,984 $ 403,738 $ 249,108 97 143,709 $3,121,765 1,992,471 $1,129,294 852,385 $ 276,909 $ 153,405 199 100,606 $2,948, 694 1,780,143 $1,168,551 849, 476 $ 319,075 $ 142,347 178 47,437 $ $ 593,171 95,639 87,292 $ 508,817 92,866 87,292 397,416 79,304 84,866 Required: Calculate the following liquidity ratios for Metro Eagle in 2018 and 2019: 1. Inventory turnover 2. Current ratio. 3. Quick ratio 4. Cash flow ratio Inventory Turnover 2019 2018 Numerator Denominator Current Ratio 2019 2018 Numerator Denominator Quick Ratio 2019 2018 Numerator Denominator Cash Flow Ratio 2019 2018 Numerator Denominator