American eagle assignment #4 - FSAP

American eagle assignment #4 - FSAP - Kenshi Kobayashi...

Info icon This preview shows pages 1–2. Sign up to view the full content.

Kenshi Kobayashi Assignment #4 FSAP American Eagle Outfitters Assignment #4 (10 Points) Use the financial statements and accompanying notes for American Eagle Outfitters to answer the following questions: 1. Compute the company’s gross profit percentage for the most recent 2 years. Has it risen or fallen? Explain what could have caused the change. 2009: ($2,988,866-1,814,765)/2,988,866= 0.393=39.3% 2008: ($3,055,419-1,632,281)/3,055,419= 0.466=46.6% The gross profit percentage has fallen from 2008 to 2009. Perhaps an increase in prices (inflation) or an increase in making the clothes caused the change. (increasing costs to manufacture goods) 2. How much did the company spend on property, plant and equipment (capital expenditures) in fiscal 2008? (Hint: check Statement of Cash Flows for investing activities) The company spent $135.2 million on property, plant and equipment. 3. What was the original cost of fixtures and equipment held by the company at the end of the most recent reporting year? The original cost of fixtures and equipment was $1,298,629.
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Spring '14
  • dennisbannon
  • Balance Sheet, Depreciation, Generally Accepted Accounting Principles, Gross profit percentage, American Eagle Outfitters, American Eagle

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern