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Financial information for Buckle is presented in Appendix............... Required: For the most recent year, what...

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Accounting

Financial information for Buckle is presented in Appendix...............
Required:
For the most recent year, what is the amount of inventory in the balance sheet?
For the most recent year, what is the amount of cost of goods sold in the income statement?
Calculate Buckle's inventory turnover ratio and average days in inventory for the most recent year.
5-a. Calculate Buckle's gross profit ratio for each of the three years.
5-b. Do you notice any trend?
For the most recent year, calculate Buckle's ratio of operating expenses (other than cost of goods sold) to net sales.
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