Hi experts Please help solve the problems.

Financial information for American Eagle is presented in Appendix A.

1. For the most recent year, what is the amount of inventory in the balance sheet? (Enter answers in thousands of dollars.)\

amount of inventory

3. For the most recent year, what is the amount of cost of goods sold in the income statement? (Enter answers in thousands of dollars.)

cost of goods sold

4. Calculate American Eagles inventory turnover ratio and average days in inventory for the most recent year. (Use 365 days. Round your answers to 1 decimal place.)

inventory turnover ratio

average days

Calculate American Eagles gross profit ratio for each of the three years. (Round your answers to 1 decimal place.)

gross profit ratio (%)

2018

2017

2016

6. For the most recent year, calculate American Eagles ratio of operating expenses (other than cost of goods sold) to net sales. (Round your answer to 1 decimal place.)

ratio of operating expenses (%)

spiceland fine app a.pdf O File C/Users/tbesh/OneDrive/Desktop/English/ACCTG%20101/spiceland_fin5e_app_a.pdf of 17 Draw v Erase Consolidated Balance Sheets January 20, February 3, 2018 5 . in thousands were per shure amounts Assets Current assets: Cash and cash equivalents Merchandise inventory Accounts receivable, net Prepaid expenses and other Total current assets Property and equipment, net of accumulated depreciation Intangible assets, net of accumulated amortization Goodwill Deferred income taxes Other assets Total assets 413,813 398,213 78,304 78,400 968,530 724,239 46,666 15,070 9,344 52,464 1,816,313 378,613 358,446 88,634 77,536 901,229 707,797 49,373 14,887 49,250 60,124 1,782,660 5 236.703 54,324 83,312 12,781 52,347 11,203 34,551 485,221 246,204 54, 184 78.619 12,220 52,966 12,780 38,810 493,783 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued compensation and payroll taxes Accrued rent Accrued income and other taxes Unredeemed gift cards and gift certificates Current portion of deferred lease credits Other liabilities and accrued expenses Total current liabilities Non-current liabilities: Deferred lease credits Non-current accrued income taxes Other non-current liabilities Total non-current liabilities Commitments and contingencies Stockholders' equity Preferred stock, 50.01 par value; 5,000 shares authorized: none issued and outstanding Common stock, 30.01 par value, 600,000 shares authorized, 249,566 shares issued: 177,318 and 181,886 shares outstanding, respectively Contributed capital Accumulated other comprehensive loss, net of tax Retained earnings Treasury stock, 72,250 and 67,680 shares, respectively, at cost Total stockholders' equity Total liabilities and stockholders' equity 47,977 7,269 29,055 84,301 45,114 4,537 34,657 B4,308 2.496 593,770 (30,795) 1,883,592 (1,202,272) 1.246,791 1,816,313 2,496 603,890 (38,462) 1,775,775 (1.141 130 1.204,569 1,782,660 ataste Matastian FL 1 Type here to search o 100% ENG 7:03 PM 7/1/2020 E spiceland_fin5e_app_2.pdf + E spiceland fin5e app apof X O File | C/Users/tbesh/OneDrive/Desktop/English/ACCTG%20101/spiceland_fin5e_app_a.pdf 7 of 17 Draw Erase AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Stockholders' Equity Shares Outstanding Common (0 Slock 194,516 $ 2,496 Contributed Relained Treasury Capital Eaming Stock 21 $ 569,675 $ 1,543,085 $ 1,543,085 $ 965,566 31,937 Accumulated Other Comprehensive Sluckholders' Income (Loss) Equity 19.944) $ 1,139,746 31,937 (15,563) (324) 1.506 (227,071) (5.163) 28.461 (13.237) (2.332) 218,138 - (227,071) (5,163) 10,892 218,138 (19,924) (19.924) 180.135 2.496 2445 199.624 $ 590,820 $ 1,659,267 $ 1,659,267 $(1,171,339) $ 27,877 197 179) (29,868) $ 1,051,376 27,877 (in thousands of per we amurals Balance at January 31, 2015 Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive loss Cash dividends and dividend equivalents ($0.50 per share) Balance at January 30, 2016 Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive loss Cash dividends and dividend equivalents (50.50 per share) Balance at January 28, 2017 Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive loss Cash dividends and dividend equivalents (50.50 per share) Balance at February 3, 2018 (455) 2.206 (17.247) (7,032) 37,241 (2.821) 212.449 (7,032) 17,173 212,449 (6,594) (6,594) 181.880 2.496 2.440 603.890 17.202 (93.120) $ 1,775,775 $1,141,130) (36,462) (90,680) $ 1,204,569 17,202 (6.000) (871) (87.672) (12,513) 39,043 2.301 (29.632) (5.488) 204,163 (87,672) (12,513) 3,923 204,163 5,667 5,667 200 2.496 177 316 $ 2310 $ 593 770 190.858) $ 1,883,592 $(1,202, 272) $ (88,548) (30 795) $ 1,246, 791 (1) 600,000 authorized, 249,566 issued and 177,316 outstanding, $0.01 par value common stock at February 3, 2018; 600,000 authorized, 249,566 issued and 181,886 outstanding, $0.01 par value common stock at January 28, 2017, 600,000 authorized, 249,566 issued and 180,135 outstanding. $0.01 par value common stock at January 30, 2016, 600,000 authorized, 249,566 issued and 194,516 outstanding, $0.01 par value common stock at January 31, 2015. The Company has 5,000 authorized, with none issued or outstanding, $0.01 par value preferred stock for all periods presented 72,250 shares, 67,680 shares and 69,431 shares at February 3, 2018, January 28, 2017 and January 30, 2016 respectively. During Fiscal (2) Type here to search O H 100% 4) ENG 8:05 PM 7/1/2020 E spiceland_fin5e_app_2.pdf spiceland fin5e app a.pdf + File C:/Users/tbesh/OneDrive/Desktop/English/ACCTG%20101/spiceland_fin5e_app_a.pdf of 17 Draw Erase A-6 APPENDIX A American Eagle Outfitters, Inc., 2017 Annual Report AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Comprehensive Income Fobruary 3, 2018 204 163 For the Years Ended January 28, 2017 $ 212,449 January 30, 2016 218.138 s in thousands Net income Other comprehensive gain (loss): Foreign currency translation gain (loss) Other comprehensive gain (loss) Comprehensive income 5.667 5,667 209.830 (6,594) (6,594) 205,855 (19,924) (19,924) 198,214 $ Refer to Notes to Consolidated Financial Statements Type here to search OBI 100% ENC 8:05 PM 7/1/2020 E spiceland_fin5e_app_2.pdf spiceland fin5e app a.pdf + File C/Users/tbesh/OneDrive/Desktop/English/ACCTG%20101/spiceland_fin5e_app_a.pdf 5 of 17 Draw v. Erase APPENDIX A American Eagle Outfitters, Inc., 2017 Annual Report A-5 AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Operations February 3, 2018 3,795,549 For the Years Ended January 28, 2017 $ 3,609,865 January 30. 2016 3,521,848 $ UD (In thousands, except per share amounts) Total net revenue Cost of sales, including certain buying, occupancy and warehousing expenses Gross profit Selling, general and administrative expenses Impairment and restructuring charges Depreciation and amortization expense Operating income Other (expense) income, net Income before income taxes Provision for income taxes Income from continuing operations Discontinued operations, net of Net income 2,425,044 1,370 505 879,685 20,611 167 421 302.788 (15,615) 287,173 83,010 204,163 2.242,938 1.366,927 857,562 21,166 156 723 331,476 3,786 335,262 122.813 212,449 2,219,114 1,302,734 834.700 0 148, 156 319,878 1,993 321,871 108,580 213,291 4,847 218,138 $ 204.163 $ 212,449 $ 1.15 $ 1.17 $ Basic income per common share: Income from continuing operations Discontinued operations Basic net income per common share 1.10 0.02 1.12 $ 1.15 1.17 $ 1.13 $ 1.16 Us Diluted income per common share: Income from continuing operations Discontinued operations Diluted net income per common share 1.09 0.02 1.11 $ 1.13 $ 1.16 S Weighted average common shares outstanding - basic Weighted average common shares outstanding - diluted 177,938 180,156 181,429 183,835 194,351 196,237 Type here to search OP 100% A ENG 8:05 PM 7/1/2020 spiceland fine app a.pdf O File C/Users/tbesh/OneDrive/Desktop/English/ACCTG%20101/spiceland_fin5e_app_a.pdf of 17 Draw v Erase Consolidated Balance Sheets January 20, February 3, 2018 5 . in thousands were per shure amounts Assets Current assets: Cash and cash equivalents Merchandise inventory Accounts receivable, net Prepaid expenses and other Total current assets Property and equipment, net of accumulated depreciation Intangible assets, net of accumulated amortization Goodwill Deferred income taxes Other assets Total assets 413,813 398,213 78,304 78,400 968,530 724,239 46,666 15,070 9,344 52,464 1,816,313 378,613 358,446 88,634 77,536 901,229 707,797 49,373 14,887 49,250 60,124 1,782,660 5 236.703 54,324 83,312 12,781 52,347 11,203 34,551 485,221 246,204 54, 184 78.619 12,220 52,966 12,780 38,810 493,783 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued compensation and payroll taxes Accrued rent Accrued income and other taxes Unredeemed gift cards and gift certificates Current portion of deferred lease credits Other liabilities and accrued expenses Total current liabilities Non-current liabilities: Deferred lease credits Non-current accrued income taxes Other non-current liabilities Total non-current liabilities Commitments and contingencies Stockholders' equity Preferred stock, 50.01 par value; 5,000 shares authorized: none issued and outstanding Common stock, 30.01 par value, 600,000 shares authorized, 249,566 shares issued: 177,318 and 181,886 shares outstanding, respectively Contributed capital Accumulated other comprehensive loss, net of tax Retained earnings Treasury stock, 72,250 and 67,680 shares, respectively, at cost Total stockholders' equity Total liabilities and stockholders' equity 47,977 7,269 29,055 84,301 45,114 4,537 34,657 B4,308 2.496 593,770 (30,795) 1,883,592 (1,202,272) 1.246,791 1,816,313 2,496 603,890 (38,462) 1,775,775 (1.141 130 1.204,569 1,782,660 ataste Matastian FL 1 Type here to search o 100% ENG 7:03 PM 7/1/2020 E spiceland_fin5e_app_2.pdf + E spiceland fin5e app apof X O File | C/Users/tbesh/OneDrive/Desktop/English/ACCTG%20101/spiceland_fin5e_app_a.pdf 7 of 17 Draw Erase AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Stockholders' Equity Shares Outstanding Common (0 Slock 194,516 $ 2,496 Contributed Relained Treasury Capital Eaming Stock 21 $ 569,675 $ 1,543,085 $ 1,543,085 $ 965,566 31,937 Accumulated Other Comprehensive Sluckholders' Income (Loss) Equity 19.944) $ 1,139,746 31,937 (15,563) (324) 1.506 (227,071) (5.163) 28.461 (13.237) (2.332) 218,138 - (227,071) (5,163) 10,892 218,138 (19,924) (19.924) 180.135 2.496 2445 199.624 $ 590,820 $ 1,659,267 $ 1,659,267 $(1,171,339) $ 27,877 197 179) (29,868) $ 1,051,376 27,877 (in thousands of per we amurals Balance at January 31, 2015 Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive loss Cash dividends and dividend equivalents ($0.50 per share) Balance at January 30, 2016 Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive loss Cash dividends and dividend equivalents (50.50 per share) Balance at January 28, 2017 Stock awards Repurchase of common stock as part of publicly announced programs Repurchase of common stock from employees Reissuance of treasury stock Net income Other comprehensive loss Cash dividends and dividend equivalents (50.50 per share) Balance at February 3, 2018 (455) 2.206 (17.247) (7,032) 37,241 (2.821) 212.449 (7,032) 17,173 212,449 (6,594) (6,594) 181.880 2.496 2.440 603.890 17.202 (93.120) $ 1,775,775 $1,141,130) (36,462) (90,680) $ 1,204,569 17,202 (6.000) (871) (87.672) (12,513) 39,043 2.301 (29.632) (5.488) 204,163 (87,672) (12,513) 3,923 204,163 5,667 5,667 200 2.496 177 316 $ 2310 $ 593 770 190.858) $ 1,883,592 $(1,202, 272) $ (88,548) (30 795) $ 1,246, 791 (1) 600,000 authorized, 249,566 issued and 177,316 outstanding, $0.01 par value common stock at February 3, 2018; 600,000 authorized, 249,566 issued and 181,886 outstanding, $0.01 par value common stock at January 28, 2017, 600,000 authorized, 249,566 issued and 180,135 outstanding. $0.01 par value common stock at January 30, 2016, 600,000 authorized, 249,566 issued and 194,516 outstanding, $0.01 par value common stock at January 31, 2015. The Company has 5,000 authorized, with none issued or outstanding, $0.01 par value preferred stock for all periods presented 72,250 shares, 67,680 shares and 69,431 shares at February 3, 2018, January 28, 2017 and January 30, 2016 respectively. During Fiscal (2) Type here to search O H 100% 4) ENG 8:05 PM 7/1/2020 E spiceland_fin5e_app_2.pdf spiceland fin5e app a.pdf + File C:/Users/tbesh/OneDrive/Desktop/English/ACCTG%20101/spiceland_fin5e_app_a.pdf of 17 Draw Erase A-6 APPENDIX A American Eagle Outfitters, Inc., 2017 Annual Report AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Comprehensive Income Fobruary 3, 2018 204 163 For the Years Ended January 28, 2017 $ 212,449 January 30, 2016 218.138 s in thousands Net income Other comprehensive gain (loss): Foreign currency translation gain (loss) Other comprehensive gain (loss) Comprehensive income 5.667 5,667 209.830 (6,594) (6,594) 205,855 (19,924) (19,924) 198,214 $ Refer to Notes to Consolidated Financial Statements Type here to search OBI 100% ENC 8:05 PM 7/1/2020 E spiceland_fin5e_app_2.pdf spiceland fin5e app a.pdf + File C/Users/tbesh/OneDrive/Desktop/English/ACCTG%20101/spiceland_fin5e_app_a.pdf 5 of 17 Draw v. Erase APPENDIX A American Eagle Outfitters, Inc., 2017 Annual Report A-5 AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Operations February 3, 2018 3,795,549 For the Years Ended January 28, 2017 $ 3,609,865 January 30. 2016 3,521,848 $ UD (In thousands, except per share amounts) Total net revenue Cost of sales, including certain buying, occupancy and warehousing expenses Gross profit Selling, general and administrative expenses Impairment and restructuring charges Depreciation and amortization expense Operating income Other (expense) income, net Income before income taxes Provision for income taxes Income from continuing operations Discontinued operations, net of Net income 2,425,044 1,370 505 879,685 20,611 167 421 302.788 (15,615) 287,173 83,010 204,163 2.242,938 1.366,927 857,562 21,166 156 723 331,476 3,786 335,262 122.813 212,449 2,219,114 1,302,734 834.700 0 148, 156 319,878 1,993 321,871 108,580 213,291 4,847 218,138 $ 204.163 $ 212,449 $ 1.15 $ 1.17 $ Basic income per common share: Income from continuing operations Discontinued operations Basic net income per common share 1.10 0.02 1.12 $ 1.15 1.17 $ 1.13 $ 1.16 Us Diluted income per common share: Income from continuing operations Discontinued operations Diluted net income per common share 1.09 0.02 1.11 $ 1.13 $ 1.16 S Weighted average common shares outstanding - basic Weighted average common shares outstanding - diluted 177,938 180,156 181,429 183,835 194,351 196,237 Type here to search OP 100% A ENG 8:05 PM 7/1/2020