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for the company RITE AID add all calculation 1. Prepare a horizontal analysis of your company's Income Statement over the past two years. 2. Calculate

for the company RITE AID add all calculation

1. Prepare a horizontal analysis of your company's Income Statement over the past two years. 2. Calculate the following ratios for the most recent two years and comment on the results of your ratio analysis. How do the results for your company compare to industry averages? a. Accounts receivable turnover: Note: Since credit sales information will not be available in the 10-K reports for the accounts receivable turnover, we will be using sales/net sales or similar account instead of credit sales. Also, be sure to use the average accounts receivable. b. Profit margin c. Return on assets: Be sure to use the average total assets. d. Times interest earned = (income before taxes + interest expense)/interest expense. Note that income (or earnings) before interest & taxes has the abreviation EBIT. Also, EBIT is sometimes referred to as "Income from Operations."

only question 2 and information used from 2020 10k filing.

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