Comparing Companies within. an Industry
Refer to the financial statements of American Eagle Outfitters in Appendix B. Urban Outfitters in Appendix C, and the Industry' Ratio Report in Appendix D at the end of this book.
Required:
1. By what title does each company call its income statement? Explain what "Consolidated" means.
2. Which company had higher net income for the fiscal year?
3. Compute the total asset turnover ratio for both companies for the year. Which company is utilizing assets more effectively to generate sales? State why this is so and support your position.
4. Compare the total asset turnover ratio for both companies to the industry average. On average, are these two companies utilizing assets to generate sales better or worse than their competitors?
5. How much cash was provided by operating activities for each year by each company ? What w as the percentage change in operating cash flows (I) from fiscal year ended 2007 to 2008 and (2) from fiscal year ended 2008 to 2009?(Hint:. Percentage Change = [Current Year Amount - Prior Year Amount]/Prior Year Amount.)
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