Financial information for The Buckle is presented in Appendix B at the end of the book. Required:
Question:
Required:
1. Complete the "Amount" and "%" columns to be used in a horizontal analysis of The Buckle's income statement for the year ended January 30, 2010. Discuss the major fluctuations during the year.
2. Calculate the following risk ratios for the year ended January 30, 2010:
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.
3. Calculate the following profitability ratios for the year ended January 30, 2010:
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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1 in thousands Increase Decrease 2010 2009 Amount Net sales 898287 792046 106241 134 Cost of sales 4...View the full answer
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Related Book For 
Financial Accounting
ISBN: 9780078110825
2nd Edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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