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I. Complete the Amount and % columns to be used in a horizontal analysis of Buckle's income statement for the year ended February 2, 2013.

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I. Complete the "Amount" and "%" columns to be used in a horizontal analysis of Buckle's income statement for the year ended February 2, 2013. 2. Calculate the following risk ratios for the year ended February 2, 2013: a. Receivables turnover ratio. b. Average collection period. c. Inventory turnover ratio. d. Average days in inventory e. Current ratio. f. Acid-test ratio. g. Debt to equity ratio. 3. Calculate the following profitability ratios for the year ended February 2, 2013: a. Gross profit ratio. b. Return on assets. d. Asset turnover e. Return on equity c. Profit margin. American Eagle Outfitters, Inc., vs. The Buckle. Inc. AP12-4 Financial information for American Eagle is presented in Appendix A at the end of the book, and financial information for Buckle is presented in Appendix B at the end of the book. Comparative Analysis Required 1. Calculate the following risk ratios for both companies for the year ended February 2, Buckle 2013. Based on these calculations, which company appears to be more risky? a. Receivables turnover ratio. b. Average collection period. c. Inventory turnover ratio. d. Average days in inventory e. Current ratio. f. Acid-test ratio. g. Debt to equity ratio. 2. Calculate the following profitability ratios for both companies for the year ended February 2, 2013. Based on these calculations, which company appears to be more profitable? a. Gross profit ratio. b. Return on assets. c. Profit margin. d. Asset turnover e. Return on equity Profit mnssets

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