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Required a . Prepare the income statement, the balance sheet, and the statement of cash flows for Abercrombie & Fitch for the fiscal year ended
Required
a Prepare the income statement, the balance sheet, and the statement of cash flows for Abercrombie
& Fitch for the fiscal year ended February
b Do the negative amounts for cash from investing activities and cash from financing activities
concern us Explain.
c Using the statements prepared for part compute the following ratios for this part only, use the
yearend balance instead of the average for assets and stockholders' equity:
i Profit margin
ii Asset turnover
iii. Return on assets
iv Return on equity
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