Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1.
Question:
Required:
1. Calculate the following risk ratios for the year ended January 31, 2015:
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 January 31, 2015:
a. Gross profit ratio.
b. Return on assets.
c. Profit margin.
d. Asset turnover.
e. Return on equity.
Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...
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Requirement 1 Risk Ratios Calculations a Receivable turnover ratio 115...View the full answer
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Related Book For
Financial Accounting
ISBN: 978-1259307959
4th edition
Authors: David Spiceland, Wayne Thomas, Don Herrmann
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