Refer to the financial statements and accompanying notes of Abercrombie & Fitch given in Appendix C at the end of this book, or open file ANF.pdf in the Annual Report Cases directory on the student CD-ROM.

Required: 1. How much did the company spend on capital expenditures in 2000? 2. What were the primary purposes of these capital expenditures? 3. What is the estimated useful life of leasehold improvements for depreciation purposes? 4. What was the original cost of furniture. Fixtures, and equipment held by the company at the end of the current year? 5. What was the amount of depreciation and amortization reported as an expense for the current year? Compare this amount to the change in accumulated amortization and depreciation from 1999 to 2000. Why would these numbers be different? 6. What is the company's fixed asset turnover ratio? 7. For each of the preceding questions, where did you locate the information?