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FINANCIAL STATEMENT MODELING EXAM 2024| ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS| GRADED A+

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FINANCIAL STATEMENT MODELING EXAM 2024| ACTUAL EXAM QUESTIONS AND CORRECT ANSWERS| GRADED A+ Questions 1-4 will refer to an AEO 10K that you can download by clicking here. Ignoring the impact of Share-based compensation expense included in cost of sales, what is gross profit for the year ending 1/30/2016? o $1,267,757 o $1,323,734 o $1,326,181 o $1,337,711 o $1,372,581 Your answer is incorrect. The correct answer is $1,323,734 Share-based compensation in cost of sales can be found by searching the Company’s 10-K and is described in the Gross Profit section of Management’s Discussion and Analysis. This amount needs to be added back to Gross Profit from the Company’s Income Statement

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