The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form, plus some information from the cash flow statement. 2019 $ 642,992 47,521 344,452 118,835 1,153,800 576,832 $1,730,632 $ 462,902 508, 245 1, 222,387 $1,730,632 2018 $ 757,044 41,510 391,514 121,420 1,311,488 629,482 $1,940,970 $ 441,401 521,386 1,419,584 $1,940,970 2017 $ 746,693 39,121 313,208 99,388 1,198,410 575,802 $1,774,212 $ 399,837 420,741 1,353,471 $1,774,212 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 debt 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 $3,478,202 2,097,480 $1,380,722 977,484 $ 403,238 $ 244,108 92 143,209 $3,121,265 1,987,471 $1,133,794 857,385 $ 276,409 $ 152,905 194 100,356 $2,947, 694 1,775,143 $1,172,551 853,976 $ 318,575 $ 141,847 173 46,937 $ $ 565,671 95,139 86,792 $ 476,317 91,866 86,792 392,416 78,304 84,366 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 Inventory Turnover 2019 2018 Numerator Denominator Current Ratio 2019 2018 Numerator Denominator Quick Ratio 2019 2018 Numerator Denominator Cash Flow Ratio 2019 2018 Numerator Denominator Smith Co. is a firm specializing in financial advice for retired individuals. After some analysis, you have determined that an earnings multiplier of 7 is appropriate for this type of business. Smith's most recent earnings totaled $261,000 and earnings per share was $5.60. What is the value of the firm based on the earnings multiplier? Value of the firm