Question: Please answer the following questions using these instructions: Use the financial section of the February 1 st , 2 0 2 0 ( fiscal year

Please answer the following questions using these instructions: Use the financial section of the February 1st,2020(fiscal year 2019, filing date March 12th 2020) annual report of American Eagle Outfitters, Inc. to answer the following questions. The annual report can be found at WWW.SEC.GOV.
20. What was the percentage change in (1) sales and (2) net income from year ended Feb 3rd 2018 to year ended Feb 2nd 2019 and year ended Feb 2nd 2019 to Feb 1st 2020?(2 pts)
21. If American Eagle used $100 million in cash investments to pay $100 million in accounts payable, how would its current ratio and working capital change? Show you calculations. (2 pts)
22. Which depreciation method is used by American Eagle? What are the estimated useful lives for buildings, leasehold improvements, fixtures and equipment and information technology? (2 pts)
23.
What is the net cost of Property and Equipment for year ended on Feb 1st 2020? What is the trend in property and equipment for the past two years?
24. What is the most common term for the leases? What are the primarily of future minimum lease commitments related to store operating leases under operating leases at Feb 1,2020?

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