American eagle assignment #4 - FSAP

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

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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.

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• Spring '14
• dennisbannon
• Balance Sheet, Depreciation, Generally Accepted Accounting Principles, Gross profit percentage, American Eagle Outfitters, American Eagle

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