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The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form, plus some information from the cash flow statement. Balance

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The following is the balance sheet and income statement for Metro 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 Total current assets Long-lived assets Total assets Current liabilities Total liabilities Shareholders' equity Total liabilities 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 2022 $ 643,992 47,621 345,452 117,735 1,154,800 576,332 $ 1,731, 132 $ 465,402 508,645 1,222,487 $ 1,731, 132 2021 $ 758,044 41,610 393,514 120,320 1,313,488 627,982 $ 1,941, 470 $444,401 521,686 1,419, 784 $ 1,941, 470 2020 $ 747,693 39,321 314, 208 99,188 1,200,410 574, 302 $ 1,774, 712 $ 400,837 421,041 1,353, 671 $ 1,774, 712 $ 3,478,402 2,098,480 $ 1,379,922 976,584 $ 403, 338 $ 245, 108 93 143, 309 $ 3,121,365 1,988, 471 $ 1,132,894 856,385 $ 276,509 $ 153,005 195 100,406 $ 2,947,894 1,776, 143 $ 1,171,751 853,076 $ 318,675 $ 141,947 174 47,037 $ 571,171 95,239 86,892 $ 482,817 92,066 86,892 $ 393, 416 78,504 84,466 Required: Calculate the following liquidity ratios for Metro Eagle in 2021 and 2022: 1. Inventory turnover. 2. Current ratio. 3. Quick ratio. 4. Cash flow ratio. Inventory Turnover 2022 2021 11 Numerator Denominator Current Ratio 2022 Numerator Denominator Quick Ratio 2022 2021 Numerator Il = Denominator Cash Flow Ratio 2022 2021 11 11 Numerator Denominator

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