Question: Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1. Calculate the following risk ratios for the year

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

Required:

1. Calculate the following risk ratios for the year ended February 3, 2018:

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.

2. Calculate the following profitability ratios for the year ended February 3, 2018:

a. Gross profit ratio.

b. Return on assets.

c. Profit margin.

d. Asset turnover.

e. Return on equity.

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a Receivables turnover ratio net credit sales average accounts receivable 1018940000 165280000 1696000002 62 times b Average collection period 365 days receivables turnover ratio 365 days 62 589 days ... View full answer

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