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 5658,992 48,321 352,452 110,035 1,161,800 572,832 $ 1,734,632 5 482,902 511, 445 1,223, 187 51,236,632 2021 $ 765, 044 42, 310 407,514 112,620 1,327,488 617,482 $ 1,944,220 5 465,401 523,786 1,421, 184 $ 1,946,970 2020 $ 754,693 40,721 321, 208 97,788 1,214,410 563,802 $ 1,278,212 $ 407,837 423,141 1,355,071 $ 1.278,212 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 $ 3,479,802 2,105,480 $1,374,322 920,284 $ 3,122,065 1,995,471 $ 1,126, 594 49,385 $ 272,200 $ 153,705 202 100,756 $ 2,949, 294 1.783, 143 $1,166, 151 46,776 $319,375 $ 142,64) 181 47,232 5.252,108 100 144,000 $ 500, 671 95,939 87.592 $ 528,312 23.466 87,592 $ 400,416 79,00 85,166 Required: Calculate the following liquidity ratios for Metro Eagle in 2021 and 2022 1. Inventory turnover 2. Current ratio 3. Quick ratio 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 $ 650,992 48,321 352, 452 110,035 1,161,00 572,832 $1,234,632 $ 482,902 511,445 1,223, 187 $ 1,734,632 2021 $ 765,844 42,310 407,514 112,620 1,327,488 617,482 $ 1,944,970 $ 465,401 523,786 1,421,184 $ 1,944,970 2020 5 754,693 40,721 321,208 97,788 1,214,410 563,802 $ 1,278,212 $ 407,837 423,141 1,355,071 $1,278,212 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 $ 3,479,882 2,105,480 $ 1,374,322 970,284 $ 404,038 $ 252,108 100 144, ee9 $ 3,122,065 1,995,471 $ 1,126,594 849,385 $ 222,209 $ 153,705 282 180,756 5 2,949, 294 1,783, 143 $ 1,166,151 846,776 $ 319.375 5.142,647 181 47,737 $ 609,671 95,939 87,592 $ 528, 317 93,466 87,592 $ 40, 416 79,904 85,166 Required: Calculate the following liquidity ratios for Metro Eagle in 2021 and 2022 1. Inventory turnover. 2. Current ratio. 3. Quick ratlo. Hely 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 ratta Numerator Denominator Numerator Denominator Quick Ratio 2022 2021 Numerator Denominator Cash Flow Ratio 2022 2021 Numerator Denominator
