Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from...
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Accounting
Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from Five Below for its fiscal year ended February 2, 2019 (\$ thousands). Required a. Prepare the income statement for the year ended February 2, 2019. Note: Do not use negative signs with any of your answers. b. Prepare the balance sheet as of February 2, 2019. c. Prepare the statement of cash flows for the year ended February 2, 2019. Note: Use a negative sign with your answer to indicate cash was used by activities and/or a decrease in cash. d. Compute ROA. e. Compute profit margin (PM). f. Compute asset turnover (AT). g. Compute ROE. d. Compute ROA. e. Compute profit margin (PM). f. Compute asset turnover (AT). g. Compute ROE. Notes: Round ROA, PM, \& ROE to one decimal place (ex: 10.5\%) Round Asset turnover to two decimal places (0.33)
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