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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 THE BUCKLE, INC. CONSOLIDATED BALANCE SHEETS (Amounts in Thousands Except Share and Per Share Amounts) \begin{tabular}{|c|c|c|c|c|} \hline \multirow{2}{*}{\begin{tabular}{l} ASSETS \\ CURRENT ASSETS: \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} February 1, \\ 2020 \\ \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} February 2, \\ 2019 \end{tabular}} \\ \hline & & & & \\ \hline Cash and cash equivalents & s & 220,969 & s & 168,471 \\ \hline Short-term investments (Notes B and C) & & 12,532 & & 51,546 \\ \hline Receivables & & 3,136 & & 7,089 \\ \hline Inventory & & 121,258 & & 125,190 \\ \hline Prepaid expenses and other assets & & 20,935 & & 18,136 \\ \hline Total current assets & & 378,830 & & 370,432 \\ \hline PROPERTY AND EQUIPMENT (Note E) & & 452,205 & & 452,187 \\ \hline \multirow[t]{2}{*}{ Less accumulated depreciation and amortization } & & (338,357) & & (321,505) \\ \hline & & 113,848 & & 130,682 \\ \hline OPERATING LEASE RIGHT-OF-USE ASSETS (Note D) & & 350,088 & & - \\ \hline L.ONG-TERM INVESTMENTS (Notes B and C) & & 15,863 & & 18,745 \\ \hline OTHER ASSETS (Notes G and H) & & 9,261 & & 7,443 \\ \hline Total assets & s & 867,890 & $ & 527,302 \\ \hline \end{tabular} LIABILITIES AND STOCKIIOLDERS' EQUTTY CURRENT LIABILITIES: \begin{tabular}{|c|c|c|} \hline Accounts payable & 26,491 & 29,005 \\ \hline Accrued employee compensation & 22,929 & 21,452 \\ \hline Accrued store operating expenses & 17,837 & 17,982 \\ \hline Gift certificates redeemable & 15,319 & 16,634 \\ \hline Current portion of operating lease liabilities (Note D) & 87,314 & - \\ \hline Income taxes payable (Note G ) & 2,751 & 5,142 \\ \hline Total current liabilities & 172,641 & 90,218 \\ \hline DEFERRED COMPENSATION (Note J) & 15,863 & 13,978 \\ \hline NON-CURRENT OPERATING LEASE LIABILITIES (Note D) & 290,238 & - \\ \hline DEFERRED RENT L.AABIIITY & - & 29,229 \\ \hline Total liabilities & 478,742 & 133,425 \\ \hline \end{tabular} COMMITMENTS (Notes F and I) STOCKHOLDERS' EQUIIY (Note K): \begin{tabular}{|c|c|c|} \hline \begin{tabular}{l} Common stock, authorized 100,000,000 shares of $.01 par value; 49,205,681 and 49,017,395 shares issued and outstanding \\ at February 1,2020 and February 2,2019, respectively \end{tabular} & 492 & 490 \\ \hline Additional paid-in capital & 152,258 & 148,564 \\ \hline Retained eamings & 236,398 & 244,823 \\ \hline Total stockbolders' equity & 389,148 & 393,877 \\ \hline Total liabilities and stockholders' equity & 867,890 & 527,302 \\ \hline \end{tabular} APPENDIX B The Buckle, Inc., 2020 Annual Report B-5 THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF INCOME (Amounts in Thousands Except Per Share Amounts) \begin{tabular}{|c|c|c|c|c|c|c|} \hline & \multicolumn{6}{|c|}{ Fiscal Years Ended } \\ \hline & \multicolumn{2}{|c|}{\begin{tabular}{c} February 1, \\ 2020 \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} February 2, \\ 2019 \end{tabular}} & \multicolumn{2}{|c|}{\begin{tabular}{c} February 3, \\ 2018 \end{tabular}} \\ \hline SALES, Net of returns and allowances & $ & 900,254 & S & 885,496 & $ & 913,380 \\ \hline COST OF SALES (Including buying, distribution, and occupancy costs) & & 522,780 & & 519,423 & & 533,357 \\ \hline Gross profit & & 377,474 & & 366,073 & & 380,023 \\ \hline \multicolumn{7}{|l|}{ OPERATING EXPENSES: } \\ \hline Selling & & 204,480 & & 202,032 & & 206,068 \\ \hline General and administrative & & 41,497 & & 43,113 & & 39,877 \\ \hline INCOME FROM OPERATIONS & & 131,497 & & 120,928 & & 134,078 \\ \hline OTHER INCOME, Net & & 6,210 & & 5,716 & & 5,407 \\ \hline INCOME BEFORE INCOME TAXES & & 137,707 & & 126,644 & & 139,485 \\ \hline PROVISION FOR INCOME TAXES (Note G) & & 33,278 & & 31,036 & & 49,778 \\ \hline NET INCOME & $ & 104,429 & s & 95,608 & $ & 89,707 \\ \hline \multicolumn{7}{|l|}{ EARNINGS PER SHARE (Note L): } \\ \hline Diluted & $ & 2.14 & & 1.97 & $ & 1.85 \\ \hline \end{tabular} See potes to consolidated financial statements. THE BUCKLE, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Amounts in Thousands) Required: 1. Calculate American Eagle's return on assets, profit margin, and asset turnover ratio for the most recent year. 2. Calculate Buckle's return on assets, profit margin, and asset turnover ratio for the most recent year. 3. Which company is doing better based on return on assets? Which company has the higher profit margin? Which company has the higher asset turnover? Complete this question by entering your answers in the tabs below. Calculate American Eagle's return on assets, profit margin, and asset turnover ratio for the most recent year. Note: Round your answers to 1 decimal place. alculate Buckle's return on assets, profit margin, and asset turnover ratio for the most recent year. lote: Round your answers to 1 decimal place

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