Refer to the financial statements of American Eagle Outfitters in Appendix B and

Question

Refer to the financial statements of American Eagle Outfitters in Appendix B and answer the following questions. (fiscal year ending 2015)

link for the updated annual report!: https://www.sec.gov/Archives/edgar/data/919012/000119312515087519/d848537d10k.htm

Required:

(Hint: Use the notes to the financial statements for some of these questions.)

1. How much did the company spend on property and equipment (capital expenditures) in fiscal year 2014 (the year ended January 31, 2015)? (Enter your answers in dollars)

2. What is the typical estimated useful life of leasehold improvements for amortization purposes?

3. What was the original cost of fixtures and equipment held by the company at the end of the most recent reporting year? (Enter your answers in dollars)

4-a. What was the amount of depreciation expense on property and equipment for the current year? (Enter your answers in dollars)

4-b. What was the change in accumulated depreciation from fiscal year ended 2014 to fiscal year ended 2015. (Enter your answers in dollars)

5. What is the company's fixed asset turnover ratio for fiscal year ended January 31, 2015? (Round your answer to 2 decimal places)

Explanation / Answer

ans 1 Capital exp on PPE $245,002 thousands ans 2estimated useful life of leasehold improvements lesser of 10 years or the term of lease ans 3Fixtures and equipment 852408 thousands ans 4a depreciation expense on property and equipment 142351 thousands ans 4bchange in accumulated depreciation (989853-961374) 28479 thousands ans 5 Fixed asset Turnover ratio 4.94 Revenue/Avg fixed assets 3282867/663921 Avg fixed assets 663921 (694856+632986)/2

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