Go to the SEC Web site (http://www.sec.gov).

Under “Filings & Forms (EDGAR),” click on

“Search for Company Filings.” Click on

“Companies & Other Filers.” Under Company Name, enter “AnnTaylor Stores Corp” (or under Ticker Symbol, enter “ANN”). Select the 10-K submitted March 22, 2007.

a. Determine the standard industrial classification.

b. Copy the first sentence in the “General” subsection from the “Item 1. Business” section.

c. Determine the numbers for the following:

d. Comment on the trends in (c).

e. Review the consolidated statements of cash flows.
1. Why is the depreciation and amortization added back to net income?
2. Why is the change in inventories subtracted from net income for the year ended February 3, 2007?
3. Why is the change in accounts payable and accrued expenses added to net income for the year ended February 3, 2007?

Net sales Gross margin Operating income Net cash provided by operating activities Feb. 3, 2007 Fiscal Year Ended Jan. 28, 2006 Jan. 29, 2005