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I need help to fill in all the blanks. Please help me fill all of those blanks. The following is the balance sheet and income
I need help to fill in all the blanks. Please help me fill all of those blanks.
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 $ 634,992 46,721 336,452 127,635 1,145,800 580,832 $1,726,632 $ 442,902 505, 045 1,221,587 $1,726,632 2018 $ 749,044 40, 710 375,514 130,220 1,295,488 641,482 $1,936,970 $ 417,401 518,986 1,417,984 $1,936,970 2017 $ 738,693 37,521 305, 208 100,988 1,182,410 587,802 $1,770,212 $ 391,837 418, 341 1,351,871 $1,770,212 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 $3,476,602 2,089, 480 $1,387,122 984,684 $ 402,438 $ 236, 108 84 142, 409 $3,120,465 1,979,471 $1,140,994 865,385 $ 275,609 $ 152, 105 186 99,956 $2,946, 094 1,767,143 $1,178,951 861,176 $ 317,775 $ 141, 047 165 46,137 $ 521,671 94, 339 85,992 $ 424, 317 90, 266 85,992 384,416 76,704 83,566 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 11 - Current Ratio 2019 2018 = 11 Numerator Denominator Quick Ratio 2019 2018 Numerator Denominator 11 11 1 Cash Flow Ratio 2019 2018 Numerator = 11 DenominatorStep by Step Solution
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