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100 points eBook Print References Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1. For the
100 points eBook Print References Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1. For the most recent year, what amount does Buckle report for current assets? What is the ratio of current assets to total assets? 2. For the most recent year, what amount does Buckle report for current liabilities? What is the ratio of current liabilities to total liabilities? 3. For the most recent year, what is the change in retained earnings reported in the balance sheet? 4. For the most recent year, what is the amount of net income reported in the income statement? 5. Calculate the amount of dividends during the year using only your answers in questions 3 and 4 above. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 For the most recent year, what amount does Buckle report for current liabilities? What is the ratio of curre liabilities? (Round "Ratio of current liabilities to 2 decimal places.) Current liabilities, Ratio of current liabilities ASSETS February 1, 2020 February 2, 2019 CURRENT ASSETS Cash and cash equivalents 220,999 $ 168471 Short-term investments (Notes B and C) 12332 $1.346 Receivables Inventory 3,136 7,089 121,258 125,190 Prepaid expenses and other assets Total current assets PROPERTY AND EQUIPMENT (Note E) 20,935 18,136 378,830 370,432 452.205 452,187 Less accumulated depreciation and amortization 0338357) 0021.305) 113,48 130,682 OPERATING LEASE RIGHT-OF-USE ASSETS (Note D) 150,088 LONG-TERM INVESTMENTS (Notes B and C) 15.863 10,745 On R ASSETS (Notes and 10 9,261 7,443 Total 167890 $ 527302 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable Accrued employee compensation Accrued store operating expenses Gift certificates redeemable Current portion of operating lease lasbilities (Note D) Income taxes payable (Note G) Total current liabilitie DEFERRED COMPENSATION (Note 1) NON-CURRENT OPERATING LEASE LIABILITIES (Note D) DEFERRED RENT LIABILITY Total liabilities COMMITMENTS (Notes Fwd) STOCKHOLDERS' EQUITY (Note K Common stock, shorted 100,000,000 shares of 501 par valar: 49,205,681 and 49.017,395 shares ind and tanding at February 1, 2020 and February 2, 2019, respectively Additional paid-in capital Retained earnings Total stockholders' espaity Total liabilities and stockholder' paty 26,4915 22.929 21,452 17837 17,992 15,319 16,634 87314 2,751 5,142 172,641 90218 15,963 13,978 290218 29229 475742 133,425 492 490 152258 148564 216.39 344323 389.148 393877 367890 $ 527302
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1 Current Assets and the Ratio of Current Assets to Total Assets Extracted Data for February 1 2020 Current Assets 376830 Total Assets 867890 RatioofC...Get Instant Access to Expert-Tailored Solutions
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