Question
1. go to www.sec.gov (Links to an external site.)Links to an external site. 2. Hover your cursor over Filings in the menu bar across the
1. go to www.sec.gov (Links to an external site.)Links to an external site.
2. Hover your cursor over "Filings" in the menu bar across the top
3. click on "company filings search" that pops up when you hover
4. in the FAST SEARCH box on the far right type in "AEO" for the ticker and click "search" for American Eagle. For Buckle type in "BKE".
5. in the "filings" column on the far left look for the most recent "10-K" filing and click on the "interactive data" link for the 10-K annual report in the "format" column
6. in the yellow box on the far left click on "financial statements" and the item will expand
7. select the Financial statement(s) that you need to review to find the answer to the
A. Determine the amounts that American Eagle reports for Total Assets, Total Liabilities, and Total Stockholder's Equity in the balance sheet for the most recent year. Does the accounting equation (Assets = Liabilities + Equity) balance for American Eagle?
1 | Assets ($1,612,246) = Liabilities ($560,870) + Equity ($1,051,376); No it does not Balance |
2 | Assets ($1,782,660) = Liabilities ($578,091) + Equity ($1,204,569); Yes, it Balances |
3 | Assets ($1,816,313) = Liabilities ($569,522) + Equity ($1,246,791); Yes it Balances |
4 | Assets ($1,782,660) = Liabilities ($493,783) + Equity ($1,288,877); Yes it Balances |
B. Determine the amounts American Eagle reports for net sales and net income for the current year.
1 | Net Sales/Revenues $1,302,734,000; Net income $218,138,000 |
2 | Net Sales/Revenues $3,609,865; Net income $212,449,000 |
3 | Net Sales/Revenues $3,521,848,000; Net income $218,138,000 |
4 | Net Sales/Revenues $3,795,549,000; Net income $204,163,000 |
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