Question: Financial information for American Eagle is presented in Appendix A, and financial information for Buckle is presented in Appendix B. Required: 1-a. Calculate the following

Financial information for American Eagle is presented in Appendix A, and financial information for Buckle is presented in Appendix B. Required: 1-a. Calculate the following risk ratios for both companies for the year ended February 3, 2018. (Use 365 days a year. Round your intermediate calculations and final answers to 1 decimal place.)

	Risk Ratios	AMERICAN EAGLE		THE BUCKLE
a.	Receivables turnover ratio	46.0	times		times
b.	Average collection period	7.9	days	3.4	days
c.	Inventory turnover ratio	6.4	times	4.4	times
d.	Average days in inventory	57.0	days		days
e.	Current ratio	2.0		3.7
f.	Acid-test ratio	1.0
g.	Debt to equity ratio		%		%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Financial information for American Eagle is presented in Appendix A at the end of the book. Required: 1. Calculate the following risk ratios for the year ended January 31, 2015: a. Receivables...

Financial information for American Eagle is presented in Appendix A, and financial information for Buckle is presented in AppendixB Required: 1-a. Calculate the following risk ratios for both...

Financial information for American Eagle is presented in Appendix A at the end of the book....

Financial information for American Eagle is presented in Appendix A, and financial information for Buckle is presented in Appendix B. Required: 1-a. Calculate the following risk ratios for both...

Desprately need help solving these! Explainations for each would be appreciated! Financial information for American Eagle is presented in Appendix A, and financial information for Buckle is presented...

Financial information for American Eagle is presented in Appendix A , and financial information for Buckle is presente Required: Calculate the cash holdings ratio for both companies for the most...

Financial information for American Eagle is presented in Appendix A, and financial information for Buckle is presented in Appendix 8 . Required: 1-a. Calculate the following risk ratios for both...

Financial information for American Eagle is presented in Appendix A, and financial information for Buckle is presented in Appendix B. Required: 1-a. Calculate the following risk ratios for both...

I need help on 1a and 2a !!!!!!! Below is Appendix A Below is Appendix B (Buckle) plz help!!!!!!! Financial information for American Eagle is presented in Appendix. A, and financial information for...

Schoeck, CPA, is considering leaving a position at a major public accounting firm to join the staff of a local financial institution that does write- up work, tax preparation and planning, and...

What is the approximate energy required to raise the temperature of 10 moles of hydrogen by 200 degree C? The pressure is held constant.

Mrs . Lex realized a $ 7 8 , 4 0 0 gain on sale of investment land to S&T , which issued a 1 0 - year note in full payment. Mrs . Lex must recognize the gain in the year of sale unless she elects to...

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Influences on Nonverbal Communication?

3. Examine the language you use in computer-mediated-communication. Are there subtle ways in which you and your communication partners negotiate influence and create connectedness? Are any language...

2. Describe the similarities and differences you find in the language you use and the language a close friend or family member of the opposite sex uses over the course of a single conversation. What...