Question
Link to annual report! This link gives you everything you need to know for the following questiions! https://www.sec.gov/Archives/edgar/data/919012/000119312515087519/d848537d10k.htm Refer to the financial statements of American
Link to annual report! This link gives you everything you need to know for the following questiions!
https://www.sec.gov/Archives/edgar/data/919012/000119312515087519/d848537d10k.htm
Refer to the financial statements of American Eagle given in Appendix B.
Required:
1. What is the amount of accrued compensation and payroll taxes at the end of the most recent reporting year? (Enter your answer in whole dollars.)
2. In Chapter 9 we have used the term "deferred revenue." What term does American Eagle use to reflect cash that it has received for goods or services that it will provide in the future (specifically their gift cards and gift certificates)?
a. | Deferred |
b. | Unearned |
c. | Unredeemed |
d. | Unused |
3. What is the average number of days that American Eagle accounts payable are outstanding in the most recent reporting year? (Round your intermediate calculations and final answer to 2 decimal places.)
4. What is the amount of long-term liabilities at the end of the most recent reporting year? (Enter your answer in whole dollars.)
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