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

Required:
1. Calculate the debt to equity ratio for the past two years. Did the ratio improve or weaken in the more recent year?
2. Calculate the return on equity. Would investors obtain a higher return on equity if Buckle borrowed more money?
3. Review the balance sheet and note E to the financial statements. Based on this information, how would you rate the bankruptcy risk of Buckle?

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