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1a. Complete the risk ratios for American eagle and the buckle.

Risk Ratios AMERICAN EAGLE THE BUCKLE a. Receivables turnover ratio 40.5 times times b. Average collection period days days c. Inventory turnover ratio times times d. Average days in inventory days days e. Current ratio f. Acid-test ratio g. Debt to equity ratio 166.8 % 123.0t %

2a. Calculate the following profitability ratios for both companies for the most recent year.

Profitability Ratios AMERICAN EAGLE THE BUCKLE a. Gross profit ratio % % b. Return on assets % % c. Profit margin % % d. Asset turnover times times e. Return on equity % %

A-4 APPENDIX A American Eagle Outfitters, Inc., 2020 Annual Report AMERICAN EAGLE OUTFITTERS, INC. Consolidated Balance Sheets Liabilities and Stockholders' Equity Current liabilities: Refer to Notes to Consolidated Financial Statements AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Operations Refer to Notes to Consolidated Financial Statements APPENDIX A American Eagle Outfitters, Inc., 2020 Annual Report TFITTERS, INC. of Comprehensive Income Refer to Notes to Consolidated Financial Statements B-8 APPENDIX B The Buckle, Inc., 2020 Annual Report THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in Thousands) CASH FLOWS FROM OPERATING ACTIVITIES: CASH FLOWS FROM INVESTING ACTIVITIES: \begin{tabular}{|lrrr} \hline Purchases of property and equipment & (7,322) & (10,021) & (13,462) \\ \hline Proceeds from sale of property and equipment & 13 & 150 & 263 \\ \hline Change in other assets & 168 & 92 \\ \hline Purchases of investments & (25,629) & (74,215) \\ \hline Proceeds from sales/maturities of investments & 67,525 \\ \hline Net cash flows from investing activities & 76,330 \\ \hline \end{tabular} CASH FLOWS FROM FINANCING ACTIVITIES: Purchases of common stock (68) Payment of dividends (112,854)(97,744) Net cash flows from financing activities (112,922) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, Beginning of year CASH AND CASH EQUIVALENTS, End of year See notes to consolidated financial statements. B-4 APPENDIX B The Buckle, Inc., 2020 Annual Report THE BUCKLE, INC. CONSOLIDATED BALANCE SHEETS (Amounts in Thousands Except Share and Per Share Amounts) ASSETS \begin{tabular}{cc} \hline February1,2020 & February2,2019 \\ \hline \end{tabular} CURRENT ASSETS: LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILIIIES: COMMITMENTS (Notes F and I) STOCKHOLDERS' EQUTTY (Note K): See notes to consolidated financial statements. THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF INCOME THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Amounts in Thousands) THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

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