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Following is selected financial information from Abercrombie & Fitch for its fiscal year ended January 30, 2016 ($ thousands)
Noncash assets .............. $1,844,461 Cash from operating activities .... $ 309,941
Cash from investing activities.... (122,567) Cash from financing activities*.... (119,504)
Cash, ending year ............ 588,578 Cost of goods sold............. 1,361,137
Revenue .................... 3,518,680 Cash, beginning year ........... 520,708
Total liabilities ................ 1,137,317
Stockholders equity .......... 1,295,722 Total expenses (other than cost of goods sold) ...............2,118,984
a. Prepare the income statement, the balance sheet, and the statement of cash flows for Abercrombie &
Fitch for the fiscal year ended January 30, 2016.
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 this part only, use the year-
end balance instead of the average for assets and stockholders equity):
i. Profit margin
ii. Asset turnover
iii. Return on assets
iv. Return on equity
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