Financial information for American Eagle is presented in Appendix A at the end of the book, and financial information for Buckle is presented in Appendix B at the end of the book.

Required:

$1.$ Which company reports higher total assets?

$2-$a$.$ Which company reports higher total liabilities?

$2-$b$.$ Does this always mean this company has a higher chance of not being able to repay its debt and declare bankruptcy?

$3.$ What relevant information do total assets and total liabilities provide to creditors deciding whether to lend money to American Eagle versus Buckle?

$4-$a$.$ Which company reports higher net income?

$4-$b$.$ Does this always mean this company$$s operations are more profitable?

$5.$ What relevant information does net income provide to investors who are deciding whether to invest in American Eagle versus Buckle?