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AMERICAN EAGLE OUTFITTERS, INC. APPENDIX A American Eagle Outfitters, Inc., 2020 Annual Report AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Operations AMERICAN EAGLE OUTFITTERS, INC. Consolidated Statements of Comprehensive Income Refer to Notes to Consolidated Financial Statements Required: 1-a. Calculate the current ratio for the past two years. 1-b. Did the current ratio improve or weaken in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or weaken in the more recent year? 3. If American Eagle used $100 million in cash to pay $100 million in accounts payable, how would its current ratio and acid-test ratio change? 4. Review the balance sheet and note 9 to the financial statements. Based on this information, how would you rate the bankruptcy risk of American Eagle? Complete this question by entering your answers in the tabs below. Calculate the current ratio for the past two years. Note: Round your answers to 2 decimal places. Calculate the acid-test (quick) ratio for the past two years. Note: Round your answers to 2 decimal places. If American Eagle used $100 million in cash to pay $100 million in accounts payable, how would its current ratio and acid-test ratio change? Note: Round your answers to 2 decimal places

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