Financial Information for Buckle is presented in errendix.B Required: 1-a. Calculate the debt to equity ratio for the past two years. (Round your final answers to 2 decimal places.) 2017 2018 0.46 Debt to Equny Rata 0.48 1-b. Did the ratio reuse or decrease in the mpre recent year? Increase Decrease 2-a. Calculate the return on assets for the most recent year. (Round your final answer to 1 decimal place.) Hetum on AS 11.25 2-b. Does the return on assets exceed the cost of borrowing of approximately 4%? (Do not round your intermediate calculations.) Yes No BINTANG ( Ass In The Shannow Share ANET Fleury 2012 January 2011 CUINTANTS cnh anh quan v tham anning THAT 12 40 TAN l qu nh mong . T PROPERTY AND WONTINE 2 TA LONG-TERM DVESTMENTS CITIRANTS & LIABILITIES AND STOCKHOLDERS' TOUTTY CUKRINTIALS ma 5 5 11. 1. 13 121 33.000 30 1405 20 1792 19.154 COMISATION DIDINT LA 31. T 1 COM STOCKHOLDER AIN ay 2008 3. 43 13 19 21 CHL138 SP February 3 2018 Fiscal Year Ended January 28, 2017 January 30, 2016 SALES, Nefritud lowcos S$7,38), 5101,375, and 13.325. respectively $ 913.05 9747) 1,119,616 COST OF SALIS (locating buying, distribution, and company costs) $23,357 577.703 18,215 10,021 397,168 4X1,401 Gews profit OPERATING EXPENSES Selling Cheers die 206,00 1977 245,945 205.933 38475 244.408 213,311 39,282 251813 INCOME FROM OPERATIONS 134,073 152,700 OTHER INCOMEN 5,407 3,511 5,216 179.485 156.271 234,824 INCOME REFORT INCOME TAXES PROVISION FOR INCOME TAXES (Nole NET INCOME 19,778 58,310 87 541 5 89,7075 97860 5 147.283 EARNINOS PER SHARE ( 5 1.86 $ 2015 3.06 5 LASS 2.00 5 106 See to conduced financial statements February Final Year Ended January 2 2017 2018 Jasonry 2016 NET INCOME 99,707 5 97.15 1473 OTHER COMPREHENSIVE INCOMI NETOP TAX Carison of 517.512,55%, Med media in eo of 0,517, und opedy Oder henvio 23 (7) 249 89,7005 9.2105 147381 COMPREHENSIVE INCOM See notes to consolidated firweial statements Number of Shares Commen Stock Additional Paid la Capital Retained Earnings Accumulated Other Comprehensive Lau Total BALANCE Jamar 31, 2015 48.79.61) 3 11,1125 224,111 (429) 5 355.27 147,20 1472) (93.700 159,190 Net Dividend paid on comme stock. (1.4 per share) In stock, net of foreire Ansion of voted stockgruntset offres Imens bewerted to vesting of restricto share pundused tired Carrin rralined to me investment, net of ux - (0 6,197 774 0.13 6197 774 0.219) 9 (103.693) (1) 96 BALANCE. Jy 30, 2016 48,428,110 $ 454 1346 S 277.626 5 031) 5 412,64) 97 91 (84,850) 97.901 (1450) 194,670 Net Didenda paid on remontock. (1.75 per here) of covested some of forctures Amortationes vested stock granta, net of forfeitures Income benefited to restricted shares Cung in maled on investments, set of tax Recificatio adjustment vos included in net incom net of tax (2) 5,330 (794) 5.330 (794) 221 221 28 28 BALANCE. 28.2011 48,622.780 $ $86 $ 139,198 $ 290,7375 @ $ 430.519 89.707 (133,874) 89,707 (133.874) Net Dwvideda pais como ok. 652.75 per share) lunce of stod ock, set of forfeiture Amator Vested stock grunt, act of forces Change in die mense of a 193,390 (2) 4,883 (7) BALANCE. Ferry 3, 2018 48,816,170 144.279 5 246,576 (89) 5 391.24 See notes to consolidated financial statements February 3 2018 Fheal Year Ended January 28, 2017 January 30, 2016 89,707 97,9615 147,283 30,745 12,767 5.130 32,142 6,197 (1,217) 448 (340) 0.260) 1.875 CASH FLOWS FROM OPERATING ACTIVITIES Net income Adjustments to reconcile net income to be cash flows from operating activities Depreciation and amortization Amortiration of non-vested stock grunts, set of forfeitures Deferred income taxe Other Changes in operating awts and liabilities Receivables Inventory Prepaid expenses and other wet Accounts payable Accrued employee competition Accrued store operating expert in certificates rodeanwhile Income taxes payable Deferred rent liabilities and deferred compensation (413) 7.687 (12,047) 4,584 (4.599) 951 (2,997) 1.62 (1.730) 3,33 21,872 7 314) (6.220) 056 (1,659) 03.610) (1,812) (39) (19.645) 9,722 (182) (1,794) 01.145) (1,1) (4441) 119.721 148,866 159.122 (13.462) 263 92 (56,631) 52.441 (1663) 318 NO (41.621) 44.221 14,578) 199 100 (29,714) 29,135 Net wh flows from operating stivities CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment Proceeds from sale of property and equipment Change in other assets Purchases of mestments Proceeds from salew maturities of investments Net cash flows from investing activities CASH FLOWS FROM FINANCING ACTIVITIES Parchases of common stock Payment of dividende Net cash flows from financing activities NET INCREASE (DECREASE) IN CASHLAND CASH EQUIVALENTS (17.297) (28.665) 034 858) (133.874) (3.2199 093.768) (84,850) (133.874) (84.850) (96,987) (31450) 35351 27.477 CASH AND CASH EQUIVALENTS, Beginning of year 196,536 161.185 133,708 CASH AND CASH EQUIVALENTS, End of your 165,086 S 1965365 161.185 Seersted financial mus