Financial information for American Eagle is presented in Appendix $A$ at the end of the book.

Required:

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.

American Eagle refers to its income statement using another name. What is it$?$

Determine the amounts American Eagle reports for net sales and net income in its income statement for the most recent year.

For investing activities, what is the item having the largest inflow and the item having the largest outflow for the most recent year reported in the statement of cash flows? For financing activities, what is the item having the largest inflow and the item having the largest outflow? If the company does not report an inflow or outflow for that activity, select "None" for your answer.

Who is the company's auditor? $($See the Report of Independent Registered Public Accounting Firm.$)$ What does the report indicate about the amounts reported in the company's financial statements?

Complete this question by entering your answers in the tabs below.

eferences

Required $1$ Required $2$ Required $5$

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.

$\backslash$table$[[$Assets$,=,$Liabilities,$+$

$\backslash$table$[[$Stockholders$\text{'}],[$Equity$]]],[$$$3,420,956,=$$$1,821,793,+$$$1,599,163,]]$