Using the financial statement information for the company Etsy, calculate the following ratios for the prior two fiscal years of 2019 and 2020. For each ratio you should show the formula used, enter your companys numbers into that formula, and compare the ratio (remember to use the last two years of data.) Then, explain what the ratios may indicate for the company in 2-3 sentences for each one (be as specific as possible, and include chapter concepts such as liquidity, etc.)

• Current Ratio
• Profit Margin (Return on Sales)
• EPS ( do not calculate research it online)

Year Sales 2020 $1.726 Billion 2019 $0.818 Billion Gross Profit (Gross Margin) Net Income (or Loss) Cash & Cash Equivalents Total Assets $1.261 Billion $0.349 Billion $1.669 Billion $2.404 Billion $0.547 Billion $0.096 Billion $0.817 Billion $1.542 Billion Total Liabilities $1.662 Billion $1.136 Billion Percentage Change 110.86% increase 130.36% increase 264.2% increase 104.25% increase 55.9% increase 46.34% increase