1. Use ratios to analyze a company's liquidity and solvency. \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline (3) & . & c. & & & & Calcul & lculate Sel & lect Ratios - Ex & & & & ? & (4) - & & x \\ \hline Fi. & IIE & HOME & & ISERT & PAGE LAYO & FORM & MULAS & DATA & REVI & VIEW & & & & Sign In 7 & \\ \hline & x & Calon & & & 11=AA & & % & & & 5 & iii) & H & & & \\ \hline \begin{tabular}{l} Past \\ Clip \end{tabular} & phoard & B I & u. & \begin{tabular}{l} Font \\ Font \end{tabular} & & Alignment N & Number & \begin{tabular}{l} Conditional \\ Formatting \end{tabular} & \begin{tabular}{r} Form \\ Tab \\ Styles \end{tabular} & le as Cell & Cells & Editing & & & \\ \hline Al & & & ]. & x & f & Condensed fin & financial & statements fo & for Ga & mes Galore a & & mmarized b & below: & & \\ \hline 4 & & & & & A & & & & & B & & c & & D & * \\ \hline 2 & & & & & & & & & & & & & & & \\ \hline 3 & Balance S & Sheet & & & & & & & & 2016 & & 2015 & & & \\ \hline 4 & Cash & & & & & & & & & 185,000 & S & 143,000 & & & \\ \hline 5 & Accounts & S Receiva & vable, & Net & & & & & & 80,000 & & 59,000 & & & \\ \hline 6 & Inventory & & & & & & & & & 104,000 & & 134,000 & & & \\ \hline 7 & Prepaid In & Insurance & & & & & & & & 11,900 & & 5,880 & & & \\ \hline 8 & Total Cu & Current A & Assets & & & & & & & 380,900 & & 341,880 & & & \\ \hline 9 & Property a & and Equ & uipme: & ent, Net & & & & & & 514,500 & & 407,000 & & & \\ \hline 10 & Total As & issets & & & & & & & s & 895,400 & s & 748,880 & & & \\ \hline 11 & & & & & & & & & & & & & & & \\ \hline 12 & Current L & Liabilitic & & & & & & & s & 85,300 & s & 96,800 & & & \\ \hline 13 & Long-term & m Liabil & ilities & & & & & & & 284,000 & & 224,000 & & & \\ \hline 14 & Total Li: & tabilities & & & & & & & & 369,300 & & 320,800 & & & \\ \hline 15 & Contribute & ted Capi & & & & & & & & & & 5000 & & & \\ \hline \end{tabular}