Question

Financial information for Buckle is presented in Appendix B at the end of the book.

Required:
1. Is Buckle's company size increasing? Determine your answer by calculating the percentage change in total assets and percentage change in net sales for the most recent year.
2. Is Buckle's total profitability increasing? Determine your answer by calculating the percentage change in net income for the most recent year.
3. Did Buckle issue any common stock in the most recent year?
4. Do you see the term debit or credit listed in the balance sheet? Which account types in the balance sheet increase with a debit and which ones increase with a credit?
5. Do you see the term debit or credit listed in the income statement? Which account types in the income statement increase with a debit? Which increase with a credit?



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  • CreatedJuly 15, 2014
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