Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Prepare a Profitability And Total Asset Management Analysis by calculating for each company the: a) profit margin b) asset turnover c) return on assets THE
Prepare a Profitability And Total Asset Management Analysis by calculating for each company the:
a) profit margin b) asset turnover c) return on assets
THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands Except Per Share Amounts) Fiscal Years Ended January 31, February 1, 2014 February 2, 2013 2015 SALES, Net of returns and allowances of $110,793, $108,851, and $106,612, respectively 1,153,142 S 1,128,001 S,124,007 COST OF SALES (Including buying, distribution, and occupancy costs) 645,810 628,856 624,692 Gross profit 507,332 499,145 499,315 OPERATING EXPENSES: Selling 206,893 201,963 212,688 35,258 39,177 General and administrative 37,671 242,151 241,140 250,359 INCOME FROM OPERATIONS 256,973 256,994 258,175 3,462 OTHER INCOME, Net (Note A) 2,723 3,524 259,696 260,456 INCOME BEFORE INCOME TAXES 261,699 97,132 97,394 PROVISION FOR INCOME TAXES (Note F) 97,872 162,564 S 162,584S 164,305 NET INCOME EARNINGS PER SHARE (Note K): 3.39 S 3.41 S 3.47 asic Diluted 3.38 S 3.39 S 3.44 See notes to consolidated financial statementsStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started