Answer To: Sampleskill test
Rochak answered on Jun 24 2022
Answer 1
Part a
Five Below
Income Statement ($ thousands)
For the year ended February 2, 2019
Revenue $1,559,563
Cost of goods sold (COGS) $994,478
Gross Profit $565,085
Expenses $373,278
Income before taxes $191,807
Income tax expense $42,162
Net Income $149,645
Part b
Five Below
Balance Sheet ($ thousands)
February 2, 2019
Cash $251,748 Liabilities $337,170
Noncash assets $700,516 Stockholders equity $615,094
Total assets $952,264 Total liabilities and equity $952,264
Part b
Five Below
Statement of Cash Flow($ thousands)
For the year ended February 2, 2019
Cash from operating activties $184,133
Cash from investing activities -$39,472
Cash from financing activities -$5,582
Net increase (decrease) in cash $139,079
Cash beginning year $112,669
$251,748
Part...