Formulating Financial Statements from Raw Data Following is selected financial information from Abercrombie & Fitch for its fiscal year ended January 30, 2016 ($ thousands).

Noncash assets . . . . . . . . . . . . . . $1,844,461 Cash from operating activities . . . . $ 309,941 Cash from investing activities. . . . (122,567) Cash from financing activities*. . . . (119,504)

Cash, ending year . . . . . . . . . . . . 588,578 Cost of goods sold . . . . . . . . . . . . . 1,361,137 Revenue . . . . . . . . . . . . . . . . . . . . 3,518,680 Cash, beginning year . . . . . . . . . . . 520,708 Total liabilities . . . . . . . . . . . . . . . . 1,137,317 Total expenses (other than cost of goods sold) . . . . Stockholders’ equity . . . . . . . . . . 1,295,722 . . . . . . . . . . . 2,118,984

* Cash from financing activities includes the effects of foreign exchange rate fluctuations.

Required

a. Prepare the income statement, the balance sheet, and the statement of cash flows for Abercrombie &

Fitch for the fiscal year ended January 30, 2016.

b. Do the negative amounts for cash from investing activities and cash from financing activities concern us? Explain.

c. Using the statements prepared for part

a, compute the following ratios (for this part only, use the yearend balance instead of the average for assets and stockholders’ equity):

i. Profit margin ii. Asset turnover iii. Return on assets iv. Return on equity