1. Use ratios to analyze a company's liquidity and solvency.

Calculate Select Ratios - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA Sign In Function Defined Formula Calculation Calculate Sheet Library Nimes Auditing Options- x fx Condensed financial statements for Games Galore ere summarized below: Condensed financial statements for Games Galore are summarized below: 10 12 13 14 IS IS 17 18 20 21 22 23 Bala nce Sheet Cash s Accounts Receivable, Net Inventory Prepaid Insurance Total CurrentAssets Property end Equipment, Net Total Assets Current Liabilites Long-term Liebilies Total Liabilities Contributed Capitel Retained Earnings Total Stockholders' Equity Total Liabilities end Stockholders' Equity S S S 2016 185,000 80,000 104,000 11,300 380,900 514,500 895 goo 85,300 284,000 369,300 299,000 227,100 526,100 S S S S 2015 143,000 59,000 134,000 5,880 341,880 407,000 748,880 96,800 224,000 320,800 299,000 129,080 428,080 748,880 Income Statement Net Seles (ell on account) Cost of Goods Sold Gross Profit r,pn Sheetl