Finding Financial Information Refer to the financial statements of American Eagle Outfitters in Appendix B at the

Question:

Finding Financial Information
Refer to the of American Eagle Outfitters in Appendix B at the end of this book.
Required:
For each question, answer it and indicate where you located the information to answer the question.
1. How much did the company spend on property and equipment (capital expenditures) in fiscal 2008 (the year ended January 31, 2009)?
2. What is the typical estimated useful life of leasehold improvements for amortization purposes?
3. What was the original cost of fixtures and equipment held by the company at the end of the most recent reporting year?
4. What was the amount of depreciation and amortization reported as an expense for the current year? Compare this amount to the change in accumulated amortization and depreciation from fiscal 2007 to fiscal 2008. Why would these numbers be different?
5. What is the company’s fixed ratio for fiscal 2008?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.