Chapter 1&2 Case Study

Student's Name: _____________________________
MBAD6005 Fall 2021 Chapter 1&2 Case Study
American Eagle Outfitters, Inc.

1. Can you find AE's 2017 annual report and 10-K from its website? Paste the link here.
(Hint: Scroll down AE's main page and you will find "investor relation".)
2. Can you find AE's 2017 10-K from SEC website? Paste AE's SEC link here. (Hint: Google
"SEC Edgar" and then in Edgar Filings page, search the company's name. Also pay
attention that 2017-year-end 10-K was issued in first quarter, 2018. Verify the filing date
as "2018-03-16". )
3. Q2-Q6 are all based on AE's 2017 annual report or 10-K. Determine the amounts
American Eagle reports for total assets, total liabilities, and total stockholder’s equity in
the balance sheet for 2017. Verify that the basic accounting equation balances.
Total assets = _____________________
Total liabilities = _____________________
Stockholders’ equity = _____________________
Assets = Liabilities + Stockholders’ Equity
______________ = __________ + ____________________
4. American Eagle refers to its income statement using another name. What is it?
1
5. Determine the amounts American Eagle reports for net sales and net income in its
income statement for 2017.
Net sales = _____________________
Net income = _____________________
6. For investing activates, what is the item having the largest inflow and the item having
the largest outflow for 2017 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?
Inflows Outflows
Investing activities _____________________ _____________________
Financing activities _____________________ _____________________
7. 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?
8. What is AE's fiscal year end? (Most companies use 12/31 as year-end. However, AE has
a different one.)
9. Can you find CEO and CFO's signature in 10-k? What are their names?
2
The BUCKLE, Inc. ($ in thousands)
1. Can you find Buckle's 2017 annual report and 10-K from its website? Paste the link here.
(Hint: Scroll down Buckle's main page and you will find "investor".)
2. Can you find Buckle's 2017 10-K from SEC website? Paste Buckle's SEC link here. (Hint:
Google "SEC Edgar" and then in Edgar Filings page, search the company's name. Also pay
attention that 2017-year-end 10-K was issued in first quarter, 2018. Verify the filing date
as "2018-04-04". )
3. Determine the amounts BUCKLE reports for total assets, total liabilities, and total
stockholder’s equity in the balance sheet for 2017. Verify that the basic accounting
equation balances.
Total assets = _____________________
Total liabilities = _____________________
Stockholders’ equity = _____________________
Assets = Liabilities + Stockholders’ Equity
______________ = __________ + ____________________
4. BUCKLE refers to its income statement using another name. What is it?
5. Determine the amounts BUCKLE reports for net sales and net income in its income
statement for 2017.
Net sales = _____________________
Net income = _____________________
3
6. For investing activates, what is the item having the largest inflow and the item having
the largest outflow for 2017 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?
Inflows Outflows
Investing activities _____________________ _____________________
Financing activities _____________________ _____________________
7. 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?
8. What is Buckle's fiscal year end? (Most companies use 12/31 as year-end. However,
Buckle has a different one.)
9. Can you find CEO and CFO's signature in 10-k? What are their names?
10.
4
AMERICAN EAGLE OUTFITTERS vs. Buckle
Requirement 1. Which company reports higher total assets?
Requirement 2. Which company reports higher total liabilities? Does this always mean this
company has a higher chance of not being able to repay its debt and declare bankruptcy?
Explain.
Requirement 3. What relevant information do total assets and total liabilities provide to
creditors deciding whether to lend money to American Eagle versus Buckle?
Requirement 4. Which company reports higher net income? Does this always mean this
company’s operations are more profitable? Explain.

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Student's Name: _____________________________

MBAD6005 Fall 2021 Chapter 1&2 Case Study

American Eagle Outfitters, Inc.

Total assets = _____________________

Total liabilities = _____________________

Stockholders’ equity = _____________________

Assets = Liabilities + Stockholders’ Equity

______________ = __________ + ____________________

Net sales = _____________________

Net income = _____________________

Investing activities _____________________ _____________________

Financing activities _____________________ _____________________

Total assets = _____________________

Total liabilities = _____________________

Stockholders’ equity = _____________________

Assets = Liabilities + Stockholders’ Equity

______________ = __________ + ____________________

Net sales = _____________________

Net income = _____________________

Investing activities _____________________ _____________________

Financing activities _____________________ _____________________

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