The primary goal of fashion retail financial management is to optimize profitability by effectively managing financial resources and making informed decisions to increase revenue and minimize costs.

The income statement provides information about a fashion retailer's profitability by showing the revenue, expenses, and net income or loss over a specific period.

Gross profit margin is calculated by dividing gross profit by net sales. It measures the percentage of each sales dollar that exceeds the cost of goods sold.

Return on Assets (ROA) measures the profit generated by each dollar of assets employed by a fashion retailer.

Markup is a fixed amount added to the cost of goods sold to determine the selling price, while margin is the percentage difference between the selling price and the cost of goods sold.

The statement of cash flows provides information about a fashion retailer's cash flow by showing the sources and uses of cash over a specific period.

Net profit margin is calculated by dividing net income by net sales. It measures the percentage of each sales dollar that remains after all expenses, including taxes, have been paid.

Return on Equity (ROE) measures the profit generated by each dollar of equity invested in a fashion retailer.

Inventory turnover is calculated by dividing the cost of goods sold by the average inventory. It measures how quickly a fashion retailer is selling its inventory.

The balance sheet provides information about a fashion retailer's assets, liabilities, and equity at a specific point in time.

Current ratio is calculated by dividing current assets by current liabilities. It measures a fashion retailer's ability to meet its short-term obligations.

Net profit margin measures the profit generated by each dollar of sales.

Quick ratio is calculated by dividing quick assets (current assets minus inventory) by current liabilities. It measures a fashion retailer's ability to meet its short-term obligations without relying on inventory.

Net working capital to total assets ratio measures the proportion of a fashion retailer's total assets that are financed by its working capital.