Form-10K

https://www.sec.gov/Archives/edgar/data/1618921/000161892117000069/wba-2017831x10k.htm#sD544AA1057C23391F01B25BC6265E816

A. Based on formulas given, compute the following ratios in Excel for two years.

1. Current ratio: current assets/current liabilities

2. Debt ratio: total debt/total assets

3. Gross profit margin

4. Times interest earned: (Earnings before Interest & Taxes)/Interest Expense

5. Accounts receivable (AR) turnover: Net Credit Sales/Average AR Note: Av

6. Inventory turnover: Sales/Average Inventory Note: Average inventory = (B

7. Return on Sales: Net Income (before interest & taxes)/Sales

8. Asset Turnover: Sales/average total assets

9. Return on Assets: net profit/average total assets

B. Prepare a DuPont Analysis of ROE for two years, including computations of

Return on Sales

Asset Turnover

Return on Assets

Financial Leverage

Return on Equity

C. Briefly evaluate the ratio trends. Indicate on your worksheet whether each ratio is:

stronger / weaker

quicker /slower

more / less liquid

more / less risk