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? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req3 Req 4a Req 5b 3 required for a transaction/event, select "No journal Prepare the closing entry for the Other (Expense) Incoi entry required" in the first account field.) (Enter values View transaction list View journal entry worksheet Credit No Transaction A1 Gener: Retained earnings Other (expense) income, net Debit 15,615 15,615 2018 3,795,549 2017 3,609,865 $ $ $ 2016 3,521,848 2.219,114 1,302,734 834,700 (In thousands, except per share amounts) Total net revenue Cost of sales, including certain buying, occupancy and warehousing expenses Gross profit Selling, general and administrative expenses Impairment and restructuring charges Depreciation and amortization expense Operating income Other (expense) income, net Income before income taxes Provision for income taxes Income from continuing operations Discontinued operations, net of tax Net income 2,425,044 1,370,505 879,685 20,611 167,421 302,788 (15,615) 287, 173 83,010 204,163 2.242,938 1,366,927 857,562 21,166 156,723 331,476 3,786 335,262 122,813 212,449 148, 156 319,878 1,993 321,871 108,580 213,291 4.847 218,138 204,163 $ 212,449 $ 1.15 $ $ Basic income per common share: Income from continuing operations Discontinued operations Basic net income per common share 1.17 - 1.17 1.10 0.02 1.12 $ 1.15 $ $ 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? Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req3 Req 4a Req 5b 3 required for a transaction/event, select "No journal Prepare the closing entry for the Other (Expense) Incoi entry required" in the first account field.) (Enter values View transaction list View journal entry worksheet Credit No Transaction A1 Gener: Retained earnings Other (expense) income, net Debit 15,615 15,615 2018 3,795,549 2017 3,609,865 $ $ $ 2016 3,521,848 2.219,114 1,302,734 834,700 (In thousands, except per share amounts) Total net revenue Cost of sales, including certain buying, occupancy and warehousing expenses Gross profit Selling, general and administrative expenses Impairment and restructuring charges Depreciation and amortization expense Operating income Other (expense) income, net Income before income taxes Provision for income taxes Income from continuing operations Discontinued operations, net of tax Net income 2,425,044 1,370,505 879,685 20,611 167,421 302,788 (15,615) 287, 173 83,010 204,163 2.242,938 1,366,927 857,562 21,166 156,723 331,476 3,786 335,262 122,813 212,449 148, 156 319,878 1,993 321,871 108,580 213,291 4.847 218,138 204,163 $ 212,449 $ 1.15 $ $ Basic income per common share: Income from continuing operations Discontinued operations Basic net income per common share 1.17 - 1.17 1.10 0.02 1.12 $ 1.15 $ $