CP3-1 (Static) Finding Financial Information LO3-2, 3-4, 3-6

Refer to the financial statements of American Eagle Outfitters in Appendix B at the end of the book.

Required:

1. State the amount of the largest expense on the income statement for the year ended February 3, 2018.

2. Assuming that all net sales are on credit, how much cash did American Eagle Outfitters collect from customers? (Hint: Use a T-account of accounts receivable to infer collection.)

5. Compute the company's net profit margin percentage for each year presented.