Consider the following balance sheet and income statement for Metro Eagle Outfitters, in condensed form, including some

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Consider the following balance sheet and income statement for Metro Eagle Outfitters, in condensed form, including some information from the cash flow statement:

Balance Sheet 2019 2018 2017 $ 630,992 46,321 332,452 132,035 1,141,800 $ 745,044 40,310 367,514 134,620 1,287,488 $ 734


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.

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Related Book For  book-img-for-question

Cost Management A Strategic Emphasis

ISBN: 9781259917028

8th Edition

Authors: Edward Blocher, David F. Stout, Paul Juras, Steven Smith

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