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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

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 2022 2021 2020
Cash and short-term investments $ 630,992 $ 745,044 $ 734,693
Accounts receivable 46,321 40,310 36,721
Inventory 332,452 367,514 301,208
Other current assets 132,035 134,620 101,788
Total current assets 1,141,800 1,287,488 1,174,410
Long-lived assets 582,832 647,482 593,802
Total assets $ 1,724,632 $ 1,934,970 $ 1,768,212
Current liabilities $ 432,902 $ 405,401 $ 387,837
Total liabilities 503,445 517,786 417,141
Shareholders equity 1,221,187 1,417,184 1,351,071
Total liabilities and equity $ 1,724,632 $ 1,934,970 $ 1,768,212
Income Statement
Sales $ 3,475,802 $ 3,120,065 $ 2,945,294
Cost of sales 2,085,480 1,975,471 1,763,143
Gross margin $ 1,390,322 $ 1,144,594 $ 1,182,151
Operating expenses 988,284 869,385 864,776
Earnings before interest and taxes $ 402,038 $ 275,209 $ 317,375
Net income $ 232,108 $ 151,705 $ 140,647
Interest paid in cash 80 182 161
Taxes paid in cash 142,009 99,756 45,737
Cash Flows
Cash flow from operations $ 499,671 $ 398,137 $ 380,416
Capital expenditures 93,939 89,466 75,904
Dividends 85,592 85,592 83,166

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.

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