Refer to the financial statements of Abercrombie & Fitch and Aeropostale that are supplied with this text.

Required:
Answer the following questions:
1. a. What is the fiscal year-end of Abercrombie & Fitch? Of Aeropostale? Why would you expect these to be the same?
b. Why does of the date of the fiscal year end change each year?
2. With regard to the balance sheet:
a. What amounts did each company report for total assets, liabilities, and stockholders’ equity for the year ended January 30, 2010 (fiscal 2009)?
b. What amounts were reported as current assets and current liabilities for the year ended January 30, 2010 (fiscal 2009)?
c. Assess the liquidity of each company.
d. Describe any other similarities and differences that you noticed between the two companies.
3. With regard to the income statement:
a. What amounts did Abercrombie & Fitch report as revenues, expenses, and net income?
What amounts did Aeropostale report as revenues, expenses, and net income for the fiscal year ended January 30, 2010?
b. Compare any trends that you detect with regard to revenues, expenses, and net income.
4. What were the major sources and uses of cash for each company?
5. What is management’s assessment of each company’s past performance and future prospects?
Where did you find this information?