Question: Formulating financial statements from raw data Following is selected financial information from Abercrombie & Fitch for its fiscal year ended February 1, 2014 ($ millions):

Formulating financial statements from raw data

Following is selected financial information from Abercrombie & Fitch for its fiscal year ended February 1, 2014 ($ millions):

Cash assets

600.1

Net cash from operations

175.5

Sales

4116.9

Stockholders equity

1729.5

Costs of goods sold

1541.5

Net cash from financing

(40.8)

Total liabilities

1121.5

Other expenses, including income taxes

2520.8

Noncash assets

2250.9

Net cash from investing

(173.9)

Net income

54.6

Effect of exchange rate changes on cash

(4.2)

Cash, beginning year

643.5

Required

Prepare an income statement, balance sheet, and statement of cash flows for Abercrombie & Fitch.

Determine the owner and creditor financing levels.

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