Ask Question
BusinessBusiness
14 May, 03:14

Compare the financial statements of American Eagle (Appendix A) and Buckle (appendix B) at the end of the book. Determine which company's growth rate in total assets, net sales, and net income is greater. Why do you think this might be the case? Explain

+4
Answers (1)
  1. 14 May, 03:26
    0
    American Eagle

    Explanation:

    Total assets of American Eagle corporation as of February 3, 2018 was $1,816,313 (in thousands). On the other hand, total assets of Buckle corporation at the same time was $538,116 (in thousands).

    For the year ended, February 3, 2018

    American Eagle (in thousands) Buckle (in thousands)

    Net sales $3,795,549 $913,380

    Net Income $204,163 $89,707

    American Eagle corporation is bigger than Buckle corporation. The number of retail stores of Eagle company is higher than the Buckle corporation. Therefore, the revenue is higher. Again, the company has more non-current assets from which American Eagle company can generate more revenues. So, for those reasons, American Eagle is a better company.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Compare the financial statements of American Eagle (Appendix A) and Buckle (appendix B) at the end of the book. Determine which company's ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suppose that the average annual return on the Standard and Poor's 500 Index from 1969 to 2005 was 14.8 percent. The average annual T-bill yield during the same period was 5.6 percent. What was the market risk premium during these 10 years?
Answers (1)
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year.
Answers (1)
Marty, a 16-year-old, contracts with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle. Marty agrees to make monthly payments until the purchase price plus interest are paid in full. Which of the following is correct? a.
Answers (1)
Producer surplus equals the Group of answer choices amount received by sellers minus the amount paid by buyers. value to buyers minus the cost to sellers. value to buyers minus the amount paid by buyers.
Answers (1)
In general, how long does it take to accomplish a long-term goal? A. a few days to a week B. a few weeks to a month C. a few months to a year D. more than a year Reset Next
Answers (1)
New Questions in Business
The last stage of the new-product development process is
Answers (1)
Divided Fantastic Frames sells its frames for $15 per unit. Variable costs total $6 per unit, and fixed costs total $90,000. If Fantastic Frames increases sales by
Answers (1)
A trade show is usually focused on what? a. an employer b. an industry c. a school d. a craft
Answers (1)
The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities of $3,908. How many dollars' worth of sales are generated from every $1 in total assets
Answers (1)
Select all maintenance procedures that may be performed in an office. update software replace printer cartridges clean copy machines install virus-protection software print copies to be distributed at a meeting
Answers (1)
Home » Business » Compare the financial statements of American Eagle (Appendix A) and Buckle (appendix B) at the end of the book. Determine which company's growth rate in total assets, net sales, and net income is greater.
Sign Up Forgot Password?