Finding Financial Information Refer to the financial statements of American Eagle Outfitters in Appendix B at the end of this book. Answer all dollar amounts in thousands I Required: For each question, answer it and indicate where you located the information to answer the question. (Hint: Use the notes to the financial statements for some of these questions.) 1. How much did the company spend on property and equipment (capital expenditures) in fiscal year 2017 (the year ended February 3, 2018)? 2. What is the typical estimated useful life of leasehold improvements for amortization purposes? 3. page 462 What was the original cost of fixtures and equipment held by the company at the end of the most recent reporting year? 4. What was the amount of depreciation expense on property and equipment for the current year? Compare this amount to the change in accumulated depreciation from fiscal year ended February 3, 2018, to fiscal year ended January 28, 2017. Why would these numbers be different? 5. What is the company's fixed asset turnover ratio for fiscal year ended February 3, 2018? Round your answer to two decimal places. January 23, 2017 , CP8-2 LO8-1, 8-2, 8-6 Finding Financial Information Refer to the financial statements of American Eagle Outfitters in Appendix B at the end of this book. Answer all dollar amounts in thousands I Required: For each question, answer it and indicate where you located the information to answer the question. (Hint: Use the notes to the financial statements for some of these questions.) 1. How much did the company spend on property and equipment (capital expenditures) in fiscal year 2017 (the year ended February 3, 2018)? 2. What is the typical estimated useful life of leasehold improvements for amortization purposes? 3. page 462 What was the original cost of fixtures and equipment held by the company at the end of the most recent reporting year? 4. What was the amount of depreciation expense on property and equipment for the current year? Compare this amount to the change in accumulated depreciation from fiscal year ended February 3, 2018, to fiscal year ended January 28, 2017. Why would these numbers be different? 5. What is the company's fixed asset turnover ratio for fiscal year ended February 3, 2018? Round your answer to two decimal places. January 23, 2017 , CP8-2 LO8-1, 8-2, 8-6