Ratio AnalysisUrban Outfitters Read the overview below and compiete the activities that foiiow. Assessing how well a company's strategy is presently working involves evaluating the strategy from a qualitative standpoint and a quantitative standpoint. The stronger a company's current overall performance, the less likely the need for radical strategy changes. The weaker a company's performance, the more its current strategy must be questioned. The goal of this exercise is for you to understand how well a company's strategy is working based on its financial results. Before completing this exercise, be sure to review Chapter 4, \"Evaluating a Company's Resources, Capabilities, and Competitiveness,\" as well as Table 4.1, \"Key Financial Ratios: How to Calculate Them and What They Mean," which provides a compilation of the financial ratios most used to evaluate a company's financial performance and balance sheet strength. You will also need the Urban Outfitters financial statements presented below. Consolidated Income Statements for Urban Outfitters, Inc.. 2018-2019 (in thousands. except per share data) 2018 2019 Net sales (local revenue) ................................. $3,616,014 533350.623 Cost of sales ........................................... 2.440.507 2.603.911 Selling. general. and administrative ........................ 915.615 965.399 Operatingincome 3259.892 5381.313 Other income (expense) .................................. other expenses ....................................... (4.340) (5.325: Interest income and olher. net .......................... 6.314 10.565 Income before income taxes .............................. 261.366 385.653 Provision for income taxes ............................... 153,103 87.550 Net income ........................... . ................. 5108.263 5298.003 Basic earnings per share ............................... 5 0.97 S 2.75 Diluted earnings per share ............................. S 0.96 S 2.72 Source: Urban Outtters. Inc . 2019 \fCalculate the following ratios for Urban Outfitters for both 2018 and 2019. Be sure to report items (a) through (e) in percentages (i.e., multiply your result K 100). a. Gross profit margin b. Operating profit margin c. Net profit margin d. Return on stockholders' equity e. Return on assets f. Debt-to-equity ratio g. Days of inventory h. Inventory turnover ratio i. Average collection period (Round your answer to 1 decimal place.) Ratios Gross Prot Margin (%) Operating Profit Margin (%) Net Prot Margin (\"/u) Return on Shareholder Equity (%) Return on Assets (\"/0) Debt-toEquity Ratio Days of Inventory F75\" :eneee Inventory Turnover Average Collection Period