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Refer to the financial statements of American Eagle Outfitters given in Appendix B at the end of this book. Required: 1. On the statement of

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Refer to the financial statements of American Eagle Outfitters given in Appendix B at the end of this book. Required: 1. On the statement of cash flows, what was the largest item (in absolute value) listed under "Adjustments to reconcile net income to net cash provided by operating activities"? Explain the direction of its effect in the reconciliation. 2. What was the largest "Changes in assets and liabilities" in the operating section of the cash flow statement? Explain the direction of its effect in the reconciliation. 3. Examine American Eagle Outfitters's investing and financing activities. List the company's three largest uses of cash over the past three years. List two major sources of cash for these activities. Refer to the financial statements of American Eagle Outfitters given in Appendix B at the end of this book. Required: 1. On the statement of cash flows, what was the largest item (in absolute value) listed under "Adjustments to reconcile net income to net cash provided by operating activities"? Explain the direction of its effect in the reconciliation. 2. What was the largest "Changes in assets and liabilities" in the operating section of the cash flow statement? Explain the direction of its effect in the reconciliation. 3. Examine American Eagle Outfitters's investing and financing activities. List the company's three largest uses of cash over the past three years. List two major sources of cash for these activities

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