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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 2019 2018 2017
Cash and short-term investments $ 632,992 $ 747,044 $ 736,693
Accounts receivable 46,521 40,510 37,121
Inventory 334,452 371,514 303,208
Other current assets 129,835 132,420 101,388
Total current assets 1,143,800 1,291,488 1,178,410
Long-lived assets 581,832 644,482 590,802
Total assets $ 1,725,632 $ 1,935,970 $ 1,769,212
Current liabilities $ 437,902 $ 411,401 $ 389,837
Total liabilities 504,245 518,386 417,741
Shareholders equity 1,221,387 1,417,584 1,351,471
Total debt and equity $ 1,725,632 $ 1,935,970 $ 1,769,212
Income Statement
Sales $ 3,476,202 $ 3,120,265 $ 2,945,694
Cost of sales 2,087,480 1,977,471 1,765,143
Gross margin $ 1,388,722 $ 1,142,794 $ 1,180,551
Operating expenses 986,484 867,385 862,976
Earnings before interest and taxes $ 402,238 $ 275,409 $ 317,575
Net income $ 234,108 $ 151,905 $ 140,847
Interest paid in cash 82 184 163
Taxes paid in cash 142,209 99,856 45,937
Cash Flows
Cash flow from operations $ 510,671 $ 411,317 $ 382,416
Capital expenditures 94,139 89,866 76,304
Dividends 85,792 85,792 83,366

Required:

Calculate the following liquidity ratios for Metro Eagle in 2018 and 2019:

1. Inventory turnover

2. Current ratio.

3. Quick ratio

4. Cash flow ratio

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