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Answer question please. Formulating Financial Statements from Raw Data Following is selected financial information from Abercrombie & Fitch for its fiscal year ended February 1,
Answer question please.
Formulating Financial Statements from Raw Data Following is selected financial information from Abercrombie & Fitch for its fiscal year ended February 1, 2014 ($ millions): Cash Asset $826 Cash flows from operations 396.2 Sales 3,469 19 Stockholders' Equity 1,891 Cost of Goods Sold 1.257 1,757 Cash flows from financing (143) (1438 1,050 Other Expenses, including income taxes 2,062 2.115 Noncash Assets No cash Assets Cash flows from investing 193) 173) Net Income 150 Effect of exchange rate changes on cash (4.2) Cash, beginning year 670 Total Liabilities Required a. Prepare an income statement, balance sheet, and statement of cash flows for Abercrombie & Fitch. Note: Use negative signs with your answers for the statement of cash flows, when appropriate. ABERCROMBIE & FITCH INCOME STATEMENT For Year Ended February 1, 2014 ($ millions) Sales $ Other Expenses, including income taxes . $ ABERCROMBIE & FITCH BALANCE SHEET February 1, 2014 (s millions) Other Expenses, including income taxes ABERCROMBIE & FITCH BALANCE SHEET February 1, 2014 (5 millions) Cash Asset Support Total Assets Total Liabilities and Equity S ABERCROMBIE & FITCH STATEMENT OF CASH FLOWS For Year Ended February 1, 2014 ($ millions) Effect of exchange rate changes on cash Net change in cash Cash, ending year $ b. Determine the owner and creditor financing levels. (Round answers to one decimal place.) Percentage contributed by owners = Percentage contributed by creditors =Step by Step Solution
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