Refer to the financial statements and accompanying notes of American Eagle Outfitters given in Appendix B at

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Refer to the financial statements and accompanying notes of American Eagle Outfitters given in Appendix B at the end of this book or open file AEOS.pdf in the Annual Report Cases directory on the student CD-ROM.

Required: 1. Use the company's balance sheet to determine the amounts in the accounting equation (A = L —

SE). 2. If the company was liquidated at the end of the current year, are the shareholders guaranteed to receive $367,695,000? 3. What are the company's noncurrent liabilities? 4. What is the company's financial leverage ratio? 5. Did the company have a cash inflow or outflow from financing activities? Of how much.

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Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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