RWP$8-3($Static$)$ Financial Analysis: The Buckle, Incorporated

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

Required:

$1-$a$.$ Calculate the current ratio for the past two years.

$1-$b$.$ Did the current ratio improve or weaken in the more recent year?

$2-$a$.$ Calculate the acid$-$test $($quick$)$ ratio for the past two years.

$2-$b$.$ Did the acid$-$test ratio improve or worsen in the more recent year?

$3.$ If Buckle purchased $$50$ million of inventory by debiting Inventory and crediting Accounts Payable acid$-$test ratio change?

Complete this question by entering your answers in the tabs below.

Req $1A$

Req $2B$

Calculate the current ratio for the past two years. $($Round your answers to $2$ decimal places.$)$

$\backslash$table$[[,2020,2019],[$Current Ratio,,$]]$