Question
Refer to the financial statements of American Eagle Outfitters in Appendix B and answer the following questions. (Hint: Use the notes to the financial statements
Refer to the financial statements of American Eagle Outfitters in Appendix B and answer the following questions. (Hint: Use the notes to the financial statements for some of these questions.)
Required: 1. How much did the company spend on property and equipment (capital expenditures) in fiscal year 2017 (the year ended February 3, 2018)? (Enter your answer in dollars.)
2. What is the typical estimated useful life of leasehold improvements for amortization purposes?
3. What was the original cost of fixtures and equipment held by the company at the end of the most recent reporting year? (Enter your answer in dollars.)
4a. What was the amount of depreciation expense on property and equipment for the current year? (Enter your answer in dollars.)
4b. What was the change in accumulated depreciation from fiscal year ended February 3, 2018, to fiscal year ended January 28, 2017. (Enter your answer in dollars.) 5. What is the company's fixed asset turnover ratio for fiscal year ended February 3, 2018? (Round your answer to 2 decimal places.)
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