Suppose the following data were taken from the 2014 and 2013 financial statements of American Eagle Outfitters. (All dollars are in thousands.)

Instructions
Perform each of the following.
(a) Calculate the current ratio for each year.
(b) Calculate earnings per share for each year.
(c) Calculate the debt to assets ratio for each year.
(d) Calculate the free cash flow for each year.
(e) Discuss American Eagle’s solvency in 2014 versus 2013.
(f) Discuss American Eagle’s ability to finance its investment activities with net cash provided by operating activities, and how any deficiency would bemet.

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2014 2013 Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Capital expenditures Dividends paid on common stock Weighted-average shares outstanding 925,359 1,963,676 401,763 554,645 179,061 302,193 265,335 82,394 205,169 $1,020,834 1,867,680 376,178 527,216 400,019 464,270 250,407 80,796 216,119