Question

1. go to www.sec.gov (Links to an external site.)Links to an external site. 2. Hover your cursor over "Filings" in the menu bar across the top 3. click on "company filings search" that pops up when you hover 4. in the FAST SEARCH box on the far right type in "AEO" for the ticker and click "search" for American Eagle. For Buckle type in "BKE". 5. in the "filings" column on the far left look for the most recent "10-K" filing and click on the "interactive data" link for the 10-K annual report in the "format" column 6. in the yellow box on the far left click on "financial statements" and the item will expand 7. select the Financial statement(s) that you need to review to find the answer to the

A. What is the $ change and % change in total net income for the most recent year?

% change in net revenue is calculated as:

Current year net income - prior year net income

prior year net income

1	$2,661,000 increase; 3.2% increase

2	$5,689,000 decrease; 2.6% decrease

3	$5,689,000 increase; 2.6% increase

4	$8,286,000 decrease; 3.9% decrease

B. Based on the change in total net income from the question above, is the company's profitability increasing, decreasing, or remaining about the same from the prior year?

1	increasing

2	decreasing

3	remaining about the same

4	none of the above

C. Which items are listed as current assets on the company's Balance Sheet? (check all that apply)

1	Prepaid expenses

2	Accounts receivable

3

Goodwill

4	Accounts payable

Answer 1

Solution:-

A. What is the $ change and % change in total net income for the most recent year:-

2. $5,689,000 decrease; 2.6% decrease

Explanation:-

212,449,000 - 218,138,000 = 5,689,000 Decrease

B. Based on the change in total net income from the question above, is the company's profitability increasing, decreasing, or remaining about the same from the prior year:-

2. decreasing

C. Which items are listed as current assets on the company's Balance Sheet? (check all that apply):-

1. Prepaid expenses

2. Accounts receivable