Please put the answers in formula format :)

Calculate Select Ratios - Excel BH FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 AA Paste BIU Cells Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font B36 A B C D $ 1 ondensed nnancial statements for Games Galore are summarized below: 2 alance sheet 4 ash 5 ccounts Receivable, Net ventory 7 repaid Insurance Total Current Assets 9 roperty and Equipment, Net 10 Total Assets 11 12 urrent Liabilities 13 ing-term Liabilities 14 Total Liabilities 15 ommon Stock 16 atained Earnings 17 Total Stockholders' Equity 18 Total Liabilities and Stockholders' Equity 19 2016 185,000 $ 80,000 104,000 11,900 380,900 514,500 895,400 $ 2015 143,000 59,000 134,000 5,860 341,880 407,000 748,880 S $ 85,300 $ 284,000 369,300 299,000 227,100 526,100 895,400 $ 96,800 224,000 320,800 299,000 129,080 428,080 748,880 $ $ 3,031,000 1,949,000 1,082,000 891,400 190,600 14,500 176,100 47,000 $ 129,100 19 20 icome Statement 21 et Sales (all on account) 22 ost of Goods Sold 23 ross Profit 24 perating Expenses 25 perating Income 26 terest Expense 27 come before Income Tax Expense 28 come Tax Expense 29 et income 30 31 equired: 32 ompute the following liquidity ratios for 2016. Round to the 33 :quired number of decimal places USING THE EXCEL. 34 DUND FUNCTION (fx). 35 Current ratio (rounded to one decimal place) 36 Receivables turnover (rounded to two decimal places) 37 Average collection period 38 Inventory turnover (rounded to two decimal places) 39 Average days in inventory 40 41 ompute the following Solvency Ratios for 2016. Again, USE 42 HE FXCFI BOUND FUNCTION (fxl. Sheet1 4.5 to 1 Itimes days times days BE! + 100% READY Attempt(s) 9/10 Hint 41 42 43 to 1 times 45 ompute the following Solvency Ratios for 2016. Again, USE HE EXCEL ROUND FUNCTION (fx). Debt to equity ratio (rounded to one decimal place) 44 Times interest earned (rounded to one decimal place) 46 pmpute the following profitability Ratios for 2016. Again, USE HE EXCEL ROUND FUNCTION (fx). Net profit margin (rounded to one decimal place) Gross profit ratio (rounded to one decimal place) 47 percent 48 49 percent SO 51 52 53