it is mgmt 210, please. help me

1 iCondensed financial statements for Games Galore are summarized below: 2 3 Balance Sheet 2016 2015 4 iCash S 185,000 143,000 5 iAccounts Receivable, Net 80,000 59,000 6 !Inventory 104,000 134,000 7 Prepaid Insurance 11,900 5,880 8 Total Current Assets 380,900 341,880 9 iProperty and Equipment, Net 514,500 407,000 10 Total Assets 5 895,400 $ 748,880 11 12 |Current Liabilities 85,300 96,800 13 iLong-term Liabilities 284,000 224,000 14 i Total Liabilities 369,300 320,800 15 Contributed Capital 299,000 299,000 16 -Retained Earnings 227,100 129,080 17 Total Stockholders' Equity 526,100 428,080 18 Total Liabilities and Stockholders' Equity S 895,400 S 748,880 19Income Statement Net Sales (all on account) $ 3,031,000 Cost of Goods Sold 1,949,000 Gross Profit 1,082,000 Operating Expenses 891,400 Income from Operations 190,600 Interest Expense 14,500 Income before Income Tax Expense 176,100 !Income Tax Expense 47,000 -Net Income 129,100 Required: Compute the following liquidity ratios for 2016. Round to the required number of decimal places USING THE EXCEL. ROUND FUNCTION (fx). Current ratio (rounded to one decimal place) to 1 Receivables turnover (rounded to two decimal places) times Days to collect (rounded to the nearest whole day) days Inventory turnover (rounded to two decimal places) times Days' sales in inventory (rounded to the nearest day) days41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx). 43 Debt to assets (rounded to two decimal places) to 1 44 Times interest earned (rounded to one decimal place) times 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). 48 Profit margin ratio (rounded to one decimal place) percent 49 Gross margin ratio (rounded to one decimal place) percent 50 51 52 53