Question: Please answer the following questions: Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from Five Below for its fiscal
Please answer the following questions: Formulating Financial Statements from Raw Data and Calculating Ratios
Following is selected financial information from Five Below for its fiscal year ended February $ thousands
Required
a Prepare the income statement for the year ended February
Note: Do not use negative signs with any of your answers.
b Prepare the balance sheet as of February
c Prepare the statement of cash flows for the year ended February
Note: Use a negative sign with your answer to indicate cash was used by activities andor a decrease in cash.
d Compute ROA.
e Compute profit margin PM
f Compute asset turnover AT
g Compute ROE.
Notes:
Round ROA, PM & ROE to one decimal place ex:
Round Asset turnover to two decimal places
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