Everything needa to be in formulas. Im bad at formulas! Thanks.

1. Use ratios to analyze a company's liquidity and solvency All answers must be entered as a formula. Click OK to begin. OK Sign In HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW B I U A Alignment Number Conditional Format as Cell Cells Editing Paste Formatting Table" Styles Clipboard fr | | Condensed financial statements for Games Galore are summarized below. A1 I : x Condensed financial statements for Games Galore are summarized below 201 3 Balance Sheet 4 Cash S185,000 S 143,000 59,000 134,000 5,880 341,880 407,000 80,000 104,000 11,900 380,900 514,500 Accounts Receivable, Net Inventory 5 7 Prepaid Insurance Total Current Assets 9 Property and Equipment, Net 10 Total Assets S895,400 S748,880 12 Current Liabilities 13 Long-term Liabilities 4 Total Liabilities 15 Contributed Capital 16 Retained Earnings 17 | Total Stockholders' Equity 18 Total Liabilities and Stockholders' Equity 19 20 Income Statement 21 Net Sales (all on account) 22 Cost of Goods Sold 23 Gross Profit 24 Oneratine Exnences $85,300 S 96,800 224,000 320,800 299,000 129,080 526 100 428,080 S895,400 S 748,880 284,000 369,300 299,000 227,100 s 3,031.000 1.949,000 1,082,000 891400 Sheetl Calculate Select Ratios-Excel Sign In HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEWVIEW FILE B 1-B-O-... | Aligrment! Number| Conditional Format as Cell | Cells | Editing Paste Formatting, Table. Styles Font : [ X | | condensed financial statements for Games Galore are summarized below: . ] A A1 v B. 891,400 190,600 14,500 176,100 47,000 129,100 24 Operating Expenses 25 Income from Operations 26 Interest Expense 27 Income before Income Tax Expense 28 Income Tax Expense 29 Net Income 30 31 Required: 2 Compute the following liquidity ratios for 2016. Round to the 33 required number of decimal places USING THE EXCEL 4 ROUND FUNCTION (fx). 35 Current ratio (rounded to one decimal place) 36 Receivables turnover (rounded to two decimal places) 37 Days to collect (rounded to the nearest whole day) 38 Inventory turnover (rounded to two decimal places) 39 Days to sell (rounded to the nearest whole day) 40 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx). 43 Debt to assets (rounded to two decimal places) 44 Times interest earned (rounded to one decimal place) to 1 times days times days to 1 imes 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). HOME INSERTPAGE LAYOUT FORMULAS DATA REVIEW VEw B 1 uE, a_a. Alignment | Number| Conditional Form atas. ell Styles Cells | Editing Paste Formatting" Table" | | Condensed financial statements for Games Galore are summarized below A1 B. 32 Compute the following liquidity ratios for 2016. Round to the 33 required number of decimal places USING THE EXCEL 4 ROUND FUNCTION (Ttx). 35 Current ratio (rounded to one decimal place) 36 Receivables turnover (rounded to two decimal places) 37 Days to collect (rounded to the nearest whole day) to 1 imes days imes days 38 Inventory turnover (rounded to two decimal places) 39 Days to sell (rounded to the nearest whole day) 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx) 43 Debt to assets (rounded to two decimal places) 44 Times interest earned (rounded to one decimal place 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). 48 Net profit margin (rounded to one decimal place) 49 Gross profit percentage (rounded to one decimal place) EHE to 1 times use percent 50 51 52 53