Income Statements

For the years ended December $31$

THE ATHLETIC ATTIC

Balance Sheets

December $31$ Calculate the following risk ratios for $2024$ and $2025$:

a$.$ Receivables turnover ratio.

b$.$ Inventory turnover ratio.

c$.$ Current ratio.

d$.$ Debt to equity ratio.

Calculate the following profitability ratios for $2024$ and $2025$:

a$.$ Gross profit ratio.

b$.$ Return on assets.

c$.$ Profit margin.

d$.$ Asset turnover.

Based on the ratios calculated, determine whether overall risk and profitability improved from $2024$ to $2025.$