Finding Financial Information
Refer to the financial statements of American Eagle Outfitters in Appendix B at the end of this book.
Required:
1. Is the company a corporation, a partnership, or a sole proprietorship? How do you know?
2. The company shows on the balance sheet that inventories are worth $294.928.000. Does this amount represent the expected selling price? Why or why not?
3. List the types of current obligations this company has. You need not provide the amounts.
4. Compute the company’s current ratio and explain its meaning.
5. How much cash did the company spend on purchasing property and equipment each year (capital expenditures)? Where did you find the information?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.