P$12-6$B Income statement and balance sheet data for The Athletic Attic are provided below.

THE ATHIETIC ATTIC

Income Statements

For the years ended December $31$ THE ATHIETIC ATTIC

Balance Sheets

December $31$ Required:

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 $2025.$ Requirements

Financial Accounting Project Is in Chapter $12,$ Under B

Problem P$12-6$B on Page $646.$ The Company is THE

ATHLETIC ATTIC. This is a hand in problem where you

calculate the ratios in excel, explain what each ratio

means and determine the direction of risk and

profitability.

This is an analysis type project where you tell me what

you think supported by the numbers.

Requirement:

Anwer in excel format!