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 Required: 2022 $ 636,992 2021 $ 751,044 46,921 40,910 338,452 379,514 125,435 128,020 1,147,800 1,299,488 579,832 $ 1,727,632 $447,902 505,845 1,221,787 $1,727,632 $ 3,477,002 2,091,480 $ 1,385,522 982,884 $ 402,638 $ 238,108 86 142,609 $532,671 94,539 86,192 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. 638,482 $1,937,970 $ 423,401 519,586 1,418,384 $ 1,937,970 $ 3,120,665 1,981,471 $ 1,139,194 863,385 $ 275,809 $ 152,305 188 100,056 $437,317 90,666 86,192 2020 $740,693 37,921 307,208 100,588 1,186,410 584,802 $ 1,771,212 $ 393,837 418,941 1,352,271 $1,771,212 $ 2,946,494 1,769,143 $ 1,177,351 859,376 $317,975 $141,247 167 46,337 $ 386,416 77,104 83,766