Refer to the financial statements of American Eagle Outfitters given in Appendix B. (Fiscal year ending 2015)

Link to annual report!

https://www.sec.gov/Archives/edgar/data/919012/000119312515087519/d848537d10k.htm

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.)