2018-2019 in thousanas, except per snare data) Net sales (total revenue) Cost of sales Selling, general, and administrative 2018 2019 $3,616,014 $3,950,623 2,440,507 2,603,911 915,615 965,399 $259,892 $381,313 Operating income Other income (expense). Other expenses (4.840) (6,325) Interest income and other, net 6,314 10,565 Income before income taxes....... 261.366 385,553 Provision for income taxes 153,103 87,550 Net income $108,263 $298,003 Basic earnings per share $ 0.97 $ 2.75 Diluted earnings per share $ 0.96 $ 2.72 Source: Urban Outfitters, Inc., 2019. Consolidated Balance Sheets for Urban Outfitters, Inc., 2018-2019 (in thousands, except per share data) Assets Current Assets Cash and cash equivalents Short-term investments January 31, January 31, 2018 2019 $ 282,220 $ 358,260 165,125 279,232 Receivables, net 76,962 80,461 Merchandise inventories 351,395 370,507 Prepaid expenses and other current assets 103,055 114,296 Total current assets 978,757 1,202,756 813,768 796,029 160,255 161,730 Net property and equipment Deferred income taxes and Other assets Total assets Liabilities and Shareholders' Equity Current Liabilities Accounts payable Accrued salaries and benefits. Accrued expenses and Other current liabilities Total current liabilities. Long-term debt $1,952,780 $2,160,515 54,799 187.431 $ 128,246 $ 144,414 36.058 195,910 360,214 $ 386,644 Deferred rent and other liabilities Total liabilities Commitments and Contingencies Equity Preferred stock $.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding Common stock $.0001 par value; 200,000,000 shares authorized; 105,642,283 and 108,248,568 shares issued and outstanding Additional paid-in capital 284,773 291,663 671,417 651,877 0 11 11 $ 0 $ 684 Retained eamings. 1,489,087 1,300,208 Total stockholders' equity 1,489,098 1,300,90 Total Liabilities and Equity $2,160,515 $1,952,780 Source: Urban Outfitters, Inc., 2019 10-K x ences 1a. Calculate the following ratios for Urban... Calculate the following ratios for Urban Outfitters for both 2018 and 2019. Be sure to report items (a) through (e) in percentages (.e.. multiply your result x 100). a. Gross profit margin b. Operating profit margin c. Net profit margin d. Return on stockholders' equity e. Return on assets f. Debt-to-equity ratio g. Days of inventory h. Inventory turnover ratio L. Average collection period (Round your answer to 1 decimal place.) Ratios 2018 2019 a. Gross Profit Margin (%) % % b. Operating Profit Margin (%) % % c Net Profit Margin (%) % % d. Retum on Shareholder Equity (%) % % e. Return on Assets (%) % % f. Debt-to-Equity Ratio O Days of Inventory h. Inventory Turnover L Average Collection Period