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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Financial information for American Eagle is presented in Appendix A at the end of the book.
Required:
1. Determine the amounts American Eagle reports for total assets, total liabilities, and total stockholders’ equity
in the balance sheet for the most recent year. Verify that the basic accounting equation balances.
2. American Eagle refers to its income statement using another name. What is it?
3. Determine the amounts American Eagle reports for net sales and net income in its income statement for the
most recent year.
4. For investing activities, what are the largest inflows and largest outflows for the most recent year reported in
the statement of cash flows? For financing activities, what are the largest inflows and largest outflows?
5. Who is the company's auditor? (See the Report of Independent Registered Public Accounting.
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