P1-37. Formulating Financial Statements from Raw Data (LO2, 03) Following is selected financial information from Abercrombie & Finch for its fiscal year ended February 2, 2013 ($ millions).

Noncash assets.....$2,343

Total expenses (other than cost of goods sold).....$2,580

Cash from investing activities.....$(247)

Cash, ending year.....$644

Revenue.....$4,511

Total liabilities.....$1,169

Cash from operating activities.....$684

Cash from financing activities.....$(377)

Cash of goods sold.....$1,694

Cash, beginning of year.....$584

Stockholders' equity.....$1,818

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

a. Prepare the income statement, the balance sheet, and the statement of cash flows for Abercrombie & Fitch for the fiscal year ended February 2, 2013.

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 these parts only use the year-end balance instead of the average for assets and stockholder's equity):

i.Profit Margin

ii.Asset turnover

iii.Return on assets

iv.Return on equity