The following is the balance sheet and income statement for Urban Eagle Outfitters, in condensed form, plus some information from the cash flow statement Balance Sheet Cash and short-term Investments Accounts receivable Inventory Other current assets S 630,992 S 745,044 $ 734,693 36,721 301,208 101,788 40,310 46,321 332,452 132,035 367,514 134,620 Total current assets Long lived assets ,141,800 582,832 1,287,488 1,174,410 593,802 647,482 Total assets S 1,724,632 S 1,934,970 1,768,212 Current liabilties Total liabilities Shareholders' equity 432,902 503,445 1221,187 405401 S 387,837 417,141 1,417,184 1,351,071 517,786 Total debt and equity S 1,724,632 S 1,934,970 1,768,212 Income Statement Sales Cost of sales s 3,475,802 S 3,120,065 2,945,294 1,763,143 2,085,480 1,975,471 1,144,594 $ 1,182,151 s 402,038 275,209 $ 317,375 121,644 $ 232,108 S 151,705 S 140,647 Gross margin $ 1,390,322 Earnings before interest and taxes Interest Taxes na 99,930 137,940 Net income Interest paid in cash Taxes paid in cash 80 142,009 182 99,756 161 45,737 Cash Flows Cash flow from operations Capital expenditures Dividends S 499,671 S 398,137 S 380,416 5,904 83,166 3,939 85,592 89,468 85,592 Required: Calculate the following liquidity ratios for Urban Eagle in 2015 and 2016 a Inventory turnover b Current rato O Type here to search