Financial information for The 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 The Buckle's income statement for the year ended January 30, 2010. Discuss the major fluctuations during the year.
2. Calculate the following risk ratios for the year ended January 30, 2010:
a. Receivables turnover ratio.
b. Average collection period.
c. Inventory turnover ratio.
d. Average days in inventory.
e. Current ratio.
f. Acid-test ratio.
g. Debt to equity ratio.
3. Calculate the following profitability ratios for the year ended January 30, 2010:
a. Gross profit ratio.
b. Return on assets.
c. Profit margin.
d. Asset turnover.
e. Return on equity.