Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1.
Question:
Financial information for Buckle is presented in Appendix B at the end of the book.
Required:
1. Complete the “Amount” and “%” columns to be used in a horizontal analysis of Buckle’s income statement for the year ended February 2, 2013.
2. Calculate the following risk ratios for the year ended February 2, 2013:
a. Receivables turnover ratio.
b. Average collection period.
e. Current ratio.
f. Acid-test ratio.
g. Debt to equity ratio.
d. Average days in inventory.
3. Calculate the following profitability ratios for the year ended February 2, 2013:
a. Gross profit ratio.
b. Return on assets.
c. Profit margin.
d. Asset turnover.
e. Return on equity.
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...
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Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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