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Financial information forAmerican Eagleis presented in Appendix A at the end of the book Determine the amounts American Eagle reports for total assets, total liabilities,
Financial information forAmerican Eagleis presented inAppendix Aat the end of the book
- Determine the amounts American Eagle reports for total assets, total liabilities, and total stockholders' equity in the balance sheet for the most recent year. Verify that the basic accounting equation balances
Assets = Liabilities = Stockholders' Equity
$ ? = $ ? = $ ?
- Determine the amounts American Eagle reports for net sales and net income in its income statement for the most recent year.
Net sales = $ ?
Net income = $ ?
- For investing activities, what is the item having the largest inflow and the item having the largest outflow for the most recent year reported in the statement of cash flows? For financing activities, what is the item having the largest inflow and the item having the largest outflow? If the company does not report an inflow or outflow for that activity, select "None" for your answer
Inflows Outflows
investing ? ?
Financing activities net proceeds from stock options cash div.
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