[Refer to the financial statements of American Eagle Outfitters inAppendix Bat the end of this book.]

Required:

1.Did the company accrue more or pay more for rent for the fiscal year ended February 3, 2018? By what amount?

2.What was the company's best quarter in terms of sales in its 2017 fiscal year ended February 3, 2018? Where did you find this information?

3.Prepare the closing entry for the Other (Expense) Income, net account.

4-a. For Accounts Receivable:

Provide the names of the accounts and their balances as of February 3, 2018.

4-b.Where did you find this information?

5-a.Compute the company's total asset turnover ratio for the three years reported.Hint:Item 6. Selected Consolidated Financial Data in the 10-K.

5-b.What does the trend suggest to you about American Eagle Outfitters?

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