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. How much cash did the company pay for income taxes in its 2000 fiscal year? 2. What was the company's best quarter in terms of sales in its 2000 fiscal year? Where did you find this information? 3. Give the closing entry for the Other Income and Expense accounts. 4. What does Accounts and Notes Receivable consist of? Where did you find this information? 5. Compute the company's net profit margin for the three years reported. What does the trend suggest to you about American Eagle Outfitters?