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Inferring Transactions from Financial Statements Abercrombie & Fitch Co. (ANF) is a specialty retailer of casual apparel. The following information is taken from ANF's fiscal
Inferring Transactions from Financial Statements Abercrombie & Fitch Co. (ANF) is a specialty retailer of casual apparel. The following information is taken from ANF's fiscal 10-K report for the fiscal year 2013, which ended February 1, 2014 (All amounts in $ thousands.) Selected Balance Sheet Data Inventory Accrued compensation February 1, 2014 $607,792 95,578 February 2, 2013 $504,562 120,447 a. ANF reported Cost of Goods Sold of $4,341,782 (thousand) for its fiscal year 2013. What was the cost that ANF incurred to acquire inventory for its fiscal year 2013 75 (thousand)
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