Refer to the financial statements of American Eagle Outfitters given in Anpendix B. Required: 1. How much Inventory does the company hold at the end of the most recent year? (Enter your answer in thousands.) 2. Estimate the amount of merchandise that the company purchased during the current year . (Hint: Use the cost of goods sold equation.) (Enter your answer in thousands.) 3. What method does the company use to determine the cost of its inventory? 4. Compute the inventory turnover ratio for the current year. (Round your intermediate calculations to the nearest whole dollar and your final answer to 2 decimal places.) 4 23:17 oped BOOK 1. Merchandise inventory 2. Purchased during the current year 3. Method to determine the cost of inventory 4. Inventory tumover thousand thousand