Financial information for Buckle is presented in Appendix B at the end of the book.Required:$1.$ For the most recent year, what is the amount of inventory in the balance sheet?$3.$ For the most recent year, what is the amount of cost of goods sold in the income statement?$4.$ Calculate Buckle's inventory turnover ratio and average days in inventory for the most recent year$\mathrm{.}5-$a$.$ Calculate Buckle's gross profit ratio for each of the three years$\mathrm{.}5-$b$.$ Do you notice any trend?$6.$ For the most recent year, calculate Buckle's ratio of operating expenses $($other than cost of goods sold$)$ to net sales.