Analyze Take-Two's 1998-2000 financial data included in Exhibit 1. Compute the following financial ratios for each of those years: age of accounts receivable, age of inventory, gross profit percentage, profit margin percentage, return on assets, return on equity, current ratio, debt to equity ratio, and the quality of earnings ratio. (I just want to make sure I have a correct answer and compared your computation. Thanks)

Formula Equations.

Equations: A/R Turnover: net sales / average accounts receivable Age of A/R: 365 days / accounts receivable turnover Inventory Turnover: cost of goods sold / average inventory Age of Inventory: 365 days / inventory turnover Gross Profit Percentage: gross profit / net sales Profit Margin Percentage: net income / net sales Return on Assets: net income / average total assets Return on Equity: net income / average stockholders' equity Current Ratio: current assets / current liabilities Debt to Equity: total liabilities / total stockholders' equity Quality of Earnings: net operating cash flows / net income Financial Ratios for Take-Two