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Income Statement and Balance Sheet Data For The Athletic Attic
Income Statement and Balance Sheet Data For The Athletic Attic
Income Statement and Balance Sheet Data For The Athletic Attic
Attic #8812
Income statement and balance sheet data for The Athletic Attic are provided below.
Required:
1. Calculate the following risk ratios for 2015 and 2016:
a. Receivables turnover ratio.
b. Inventory turnover ratio.
c. Current ratio.
d. Debt to equity ratio.
2. Calculate the following profitability ratios for 2015 and 2016:
a. Gross profit ratio.
b. Return on assets.
c. Profit margin.
d. Asset turnover.
3. Based on the ratios calculated, determine whether overall risk and profitability improved from
2015 to2016.
Income statement and balance sheet data for The Athletic Attic
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