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please review the two companies form 10k of 2020, to answer. Indicate where to find the answer. The answer needs to be based on American

please review the two companies form 10k of 2020, to answer. Indicate where to find the answer.
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The answer needs to be based on American eagle ans Buckle companys 10k form of 2020 image text in transcribed
1. The surtmary of sigmificant aopentint polkes is locatsd in fovente 2 te the finascis and fistires and eorigenen? 2. Jind foolnole 7 earalod Propecy and Equiporet. What are the one and the took salue af amertirabion expense for the pait thate yrars? Part Ut The Barkle tac. Fars Bificegyerathe Aealyai Thum nicent rea ine Part I: American Eagle Outfitters, Inc. 1. The summary of significant accounting polices is located in footnote 2 to the financial statements. Locate the section on property and equipment. What depreciation method does American Eagle use? What are the estimated useful lives for buildings, leasehold improvements, and fixtures and equipment? 2. Find footnote 7 entitled Property and Equipment. What are the cost and the book value of property and equipment? What is the trend in depreciation expense for the past three years? 3. Find footnote 8 for Intangible Assets. What intangible asset is listed? What are listed as the cost and the book value of intangible assets for the most recent year? What is the trend in amortization expense for the past three years? Part II: The Buckle Inc. 1. The summary of significant accounting Folices is located in footnote A to the financial statements. Locate the section on property and equipment. What depreciation method does The Buckle use? What are the estimated useful lives for property and equipment? What are the estimated useful lives for buildings? 2. Find note E entitled Property and Equipment. What is the cost of property and equipment? What is the trend in property and equipment for the past two years? 3. From the balance sbeet, what three other types of long-term assets are listed? Part III: Comparative Analysis 1. Calculate American Eagle's return on assets, profit margin, and asset turnover ratio for the most recent year. 2. Calculate Bockle's return on assets, profit margin, and asset numover ratio for the most recent year. 3. Which company is doing better based on retum on asses? Which compary har the higher profit margin? Which company has the higher asset tumover

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