RWP8-3 (Static) Financial Analysis: The Buckle, Incorporated Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1-a. Calculate the current ratio for the past two years. 1-b. Did the current ratio improve or weaken in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 3. If Buckle purchased $50 million of inventory by debiting Inventory and crediting Accounts Payable, how would its current ratio and acid-test ratio change? Complete this question by entering your answers in the tabs below. Calculate the current ratio for the past two years. (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Did the current ratio improve or weaken in the more recent year? Did the current ratio improve or weaken in the more recent year? RWP8-3 (Static) Financial Analysis: The Buckle, Incorporated Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1-a. Caiculate the current ratio for the past two years. 1-b. Did the current ratio improve or weaken in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 3. If Buckle purchased $50 million of inventory by debiting Inventory and crediting Accounts Payable, how would its acid-test ratio change? Complete this question by entering your answers in the tabs below. Calculate the acid-test (quick) ratio for the past two years. (Round your answers to 2 decimal places.) Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1-a. Calculate the current ratio for the past two years. 1-b. Did the current ratio improve or weaken in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 3. If Buckle purchased $50 million of inventory by debiting Inventory and crediting Accounts Payable, how would acid-test ratio change? Complete this question by entering your answers in the tabs below. Did the acid-test ratio improve or worsen in the more recent year? Did the acid test ratio improve or worsen in the more recent year? Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1-a. Calculate the current ratio for the past two years. 1-b. Did the current ratio improve or weaken in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 3. If Buckle purchased $50 million of inventory by debiting Inventory and crediting Accounts Payable, how would acid-test ratio change? Complete this question by entering your answers in the tabs below. If Buckle purchased $50 million of inventory by debiting Inventory and crediting Accounts Payable, how would its currer and acid-test ratio change? (Round your answers to 2 decimal places.) RWP8-3 (Static) Financial Analysis: The Buckle, Incorporated Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1-a. Calculate the current ratio for the past two years. 1-b. Did the current ratio improve or weaken in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 3. If Buckle purchased $50 million of inventory by debiting Inventory and crediting Accounts Payable, how would its current ratio and acid-test ratio change? Complete this question by entering your answers in the tabs below. Calculate the current ratio for the past two years. (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Did the current ratio improve or weaken in the more recent year? Did the current ratio improve or weaken in the more recent year? RWP8-3 (Static) Financial Analysis: The Buckle, Incorporated Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1-a. Caiculate the current ratio for the past two years. 1-b. Did the current ratio improve or weaken in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 3. If Buckle purchased $50 million of inventory by debiting Inventory and crediting Accounts Payable, how would its acid-test ratio change? Complete this question by entering your answers in the tabs below. Calculate the acid-test (quick) ratio for the past two years. (Round your answers to 2 decimal places.) Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1-a. Calculate the current ratio for the past two years. 1-b. Did the current ratio improve or weaken in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 3. If Buckle purchased $50 million of inventory by debiting Inventory and crediting Accounts Payable, how would acid-test ratio change? Complete this question by entering your answers in the tabs below. Did the acid-test ratio improve or worsen in the more recent year? Did the acid test ratio improve or worsen in the more recent year? Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1-a. Calculate the current ratio for the past two years. 1-b. Did the current ratio improve or weaken in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 3. If Buckle purchased $50 million of inventory by debiting Inventory and crediting Accounts Payable, how would acid-test ratio change? Complete this question by entering your answers in the tabs below. If Buckle purchased $50 million of inventory by debiting Inventory and crediting Accounts Payable, how would its currer and acid-test ratio change? (Round your answers to 2 decimal places.)