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Use the following instructions to answer the following questions: Use the financial section of the February 1 st , 2 0 2 0 ( fiscal

 Use the following instructions to answer the following questions: Use the financial section of the February 1st,2020(fiscal year 2019, filing date March 12th 2020) annual report of American Eagle Outfitters, Inc. to answer the following questions. The annual report can be found at WWW.SEC.GOV.

6. What does the Report of Independent Registered Public Accounting firm indicate about American Eagles internal controls?

7. In the summary of significant accounting policies, how does American Eagle define cash equivalents?

8. What is the amount of cash reported in the most two most recent years? By how much has cash increased/decreased?

9. Determine the amount American Eagle reports for net cash flows from operating, investing, and financing activities in its statement of cash flow. (Note: Include any effect of exchange rates on cash as an additional cash flow. In addition, include net cash used for discontinued operations) Compare your answers to question 8.(2 pts)

10. What are the net sales for the past three years? Determine whether the trend in net sales is increasing or decreasing for the past three years.

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