Financial Statement Review Assignment

Publicly traded merchandising or manufacturing company's most recent annual report

The company annual report answers the following question for

THE BUCKLE, INC.

(1.) What is their gross profit for the most recent year? What is their net income for the most recent year? (add 3 zeros if amounts are "in thousands") Calculate their gross margin percentage and profit margin percentage. Show calculations.

(2.) For the most recent year, calculate the current ratio. Show calculations.

(3.) For the most recent year, calculate the inventory turnover and average sale period. Show calculations. Based on your calculations, how does the average sale period compare to your expectations based on the industry your company is in? What is one idea you have about how this company could improve their inventory turnover?

(4.) Based on your review of the financial statements, if you were a short-term creditor, would you be willing to give this company a loan? Why or why not? Detail your thought process and explain your position thoroughly.