The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form, plus some information from the cash flow statement. 2022 $ 648,992 48,121 358,452 112,235 1,159,800 573,832 $ 1,733,632 $ 477,992 518,645 1.222.987 $ 1,733,632 2921 $ 763,844 42, 110 493,514 114,820 1,323,488 62e,482 $ 1,943,978 $ 459,481 523,186 1,420,784 $ 1,943,979 2020 $ 752,693 49,321 319,208 98.188 1,219,412 566,892 $ 1,777,212 $ 485,837 422,541 1,354,671 $ 1,777,212 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 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 $ 3,479,482 2, 103,480 $ 1,375,922 972,884 $ 403,838 $ 250, 108 98 143,899 $ 3,121,865 1,993,471 $ 1,128, 394 851,385 $ 277, Beg $ 153,5e5 29a 108,656 $ 2,948, 894 1,781,143 $ 1,167, 751 848,576 $ 319,175 $ 142,447 179 47,537 $ 598,671 95,739 87,392 $ 515, 317 93,866 87,392 $ 398,416 79,584 84,956 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. 2022 2021 Numerator Denominator Inventory Turnover Cash Average inventory 0 0 2022 2021 Numerator Denominator Current Ratio Average inventory Cash 0 0 2022 2021 Average inventory Numerator Cash 0 0 Denominator Cash and receivables Cash flow from operations 2022 2021 | Numerator Denominator 0 o The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form. plus some information from the cash flow statement. 2021 $ 763, 844 42, 110 403, 514 114,820 1,323, 488 628,482 $ 1,943,970 $ 459,401 523, 186 1,420,784 $ 1,943,970 2020 $ 752,693 48,321 319,288 98,188 1,218,410 566,892 $ 1,777,212 $ 485,837 422,541 1,354,671 $ 1,777,212 Balance Sheet 2022 Cash and short-term investments $ 648,992 Accounts receivable 48,121 Inventory 358,452 Other current assets 112,235 Total current assets 1,159,800 Long-lived assets 573,832 Total assets $1,733,632 Current liabilities $ 477,982 Total liabilities 518,645 Shareholders' equity 1, 222,987 Total liabilities and equity $1,733,632 Income Statement Sales $ 3,479,482 Cost of sales 2,103,480 Gross margin $ 1,375,922 Operating expenses 972,884 Earnings before interest and taxes $ 403,838 Net income $ 250, 108 Interest paid in cash 98 Taxes paid in cash 143,899 Cash Flows Cash flow from operations $ 598,671 Capital expenditures 95,739 Dividends 87,392 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. $ 3,121,865 1,993, 471 $ 1,128, 394 851,385 $ 277, ee9 $ 153, ses 2e8 198,656 $ 2,948,894 1,781,143 $ 1,167,751 848,576 $ 319,175 $ 142,447 179 47,537 $ 515, 317 93,866 87,392 $ 398,416 79,584 84,966 Answer is not complete. 2022 2021 Numerator Denominator Inventory Turnover Cash Average inventory 0 = 0 2022 2021 Numerator Denominator Current Ratio Average inventory Cash 0 0 Quick Ratio 2022 2021 Numerator Average inventory Cash and receivables = 0 0 = 0 0 Denominator 2022 2021 Cash Flow Ratio Cash Numerator Denominator = O = O Cash and receivables