Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1.
Question:
Financial information for Buckle is presented in Appendix B at the end of the book.
Required:
1. Calculate the following risk ratios for the year ended February 3, 2018:
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 February 3, 2018:
a. Gross profit ratio.
b. Return on assets.
c. Profit margin.
d. Asset turnover.
e. Return on equity.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a Receivables turnover ratio net credit sales average accounts receivable 1018940000 165280000 1696000002 62 times b Average collection period 365 days receivables turnover ratio 365 days 62 589 days ...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0 Reviews
10+ Question Solved
Related Book For 
Financial Accounting
ISBN: 978-1259914898
5th edition
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
Question Posted:
