Question: Please include formulas for the cells please and thank you. Games Galore has provided its condensed financial statements for the year ended December 31 .

Please include formulas for the cells please and thank you.

Please include formulas for the cells please and thank you. Games Galore

has provided its condensed financial statements for the year ended December 31

. The Controller has asked you to calculate liquidi 2 solvency, and

profitability ratios that management can use in decision making. \begin{tabular}{|l|l|l|l|} \hline 38

& Required: \\ \hline 39 & 1. Compute the following liquidity ratios

Games Galore has provided its condensed financial statements for the year ended December 31 . The Controller has asked you to calculate liquidi 2 solvency, and profitability ratios that management can use in decision making. \begin{tabular}{|l|l|l|l|} \hline 38 & Required: \\ \hline 39 & 1. Compute the following liquidity ratios for Year 3. \\ \hline 40 & Note: Round to the required number of decimal places using the Excel =ROUND function \\ \hline 41 & Current ratio (rounded to one decimal place) \\ \hline 42 & Accounts receivable turnover (rounded to two decimal places) \\ \hline 43 & Days' sales uncollected (rounded to the nearest whole day) \\ \hline 44 & Inventory turnover (rounded to two decimal places) \\ \hline 45 & Days' sales in inventory (rounded to the nearest whole day) \\ \hline 46 & & dimes \\ \hline 47 & 2. Compute the following solvency ratios for Year 3. \\ \hline 48 & Note: Round to the required number of decimal places using the Excel =ROUND function \\ \hline 49 & Debt ratio ("\%" format, rounded to one decimal place) \\ \hline 50 & Times interest earned (rounded to one decimal place) \\ \hline 51 & \\ \hline \end{tabular} 52 3. Compute the following profitability ratios for Year 3. 53 Note: Round to the required number of decimal places using the Excel =ROUND function 54 Net margin ratio ("\%" format, rounded to one decimal place) 55 Return on investment ratio ("\%" format, rounded to one decimal place) 56 57 58

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