Prepare ratio analyses (for the three year time period). You will compute the following ratios:

• Profitability ratios:
  • Gross Profit margin
  • Operating expense margin
  • Profit margin
  • Return on assets
  • Return on equity

• Productivity ratios:
  • Accounts Receivable Turnover
  • Days Sales Outstanding
  • Inventory Turnover
  • Days inventory outstanding
  • Accounts Payable turnover
  • Days payable outstanding
  • Cash Conversion Cycle
  • PPE Turnover

• Coverage ratios:
  • Total liabilities-to-equity
  • Total debt to equity
  • Cash from operations to total debt
  • Times interest earned

• Liquidity ratios:
  • Current Ratio
  • Quick Ratio

2016 Thousands 1,111,599 2017 Thousands 1,290,294 512 87,868 1,641,735 130,748 2015 Thousands 761,602 1,737 73,627 1,419,104 116,125 75,154 1,512,886 113,410 As Reported Annual Balance Sheet Report Date Scale Cash & cash equivalents Short-term investments Accounts receivable Merchandise inventory Prepaid expenses & other current assets Deferred income taxes Total current assets Property & equipment, gross Less accumulated depreciation & amortization Property & equipment, net Long-term investments Other long-term assets Total assets 2014 Thousands 696,608 500 73,278 1,372,675 106,778 12,951 2,262,790 4,034,098 1,760,346 2,273,752 3,110 163,482 4,703,134 3,151,157 4,908,179 2,525,715 2,382,464 712 187,718 5,722,051 2,813,049 4,591,254 2,263,206 2,328,048 1,288 166,966 5,309,351 2,372,195 4,339,909 1,997,003 2,342,906 1,331 152,687 4,869,119 1,059,844 431,706 349,879 1,021,735 398,126 316,492 16,153 945,559 376,522 280,766 1,000,700 385,325 256,141 17,202 Accounts payable Accrued expenses & other current liabilities Accrued payroll & benefits Income taxes payable Current portion of long-term debt Total current liabilities Long-term debt Total other long-term liabilities Deferred income taxes Total Liabilities 84,973 1,926,402 311,994 348,541 85,806 2,672,743 1,752,506 396,493 290,950 121,385 2,561,334 1,602,847 396,025 268,168 130,088 2,397,128 1,659,368 398,375 279,500 86,681 2,423,924 3,919 1,215,715 272,846 Common stock Additional paid-in capital Treasury stock Accumulated other comprehensive income Retained earnings (accumulated deficit) Total stockholders' equity 3,796 1,292,364 318,279 27 2,071,400 3,049,308 4,023 1,122,329 229,525 182 1,574,982 2,471,991 2,075 1,015,681 160,600 330 1,421,724 2,279,210 91 1,801,138 2,748,017 Ross Stores, Inc. (NMS: ROST) As Reported Annual Income Statement Report Date Scale Sales Cost of goods sold Gross Profit Selling, general & administrative expense Interest expense Earnings (loss) before taxes Provision (benefits) for taxes on earnings Net earnings (loss) 2017 Thousands 14,134,732 10,042,638 4,092,094 2,043,698 7,676 2,040,720 677,967 1,362,753 2016 Thousands 12,866,757 9,173,705 3,693,052 1,890,408 16,488 1,786,156 668,502 1,117,654 2015 Thousands 11,939,999 8,576,873 3,363,126 1,738,755 12,612 1,611,759 591,098 1,020,661 2014 Thousands 11,041,677 7,937,956 3,103,721 1,615,371 2,984 1,485,366 560,642 924,724