Required:1. What amounts do Abercrombie & Fitch and Aeropostale report for inven

Required:1. What amounts do Abercrombie & Fitch and Aeropostale report for inventories in its Consolidated Balance Sheets at February 3 2007 and January 28 2006?2. Do Abercrombie & Fitch and Aeropostale use the same method to value its inventories?3. What amount does Abercrombie & Fitch report for cost of goods sold for the years ending February 3 2007 January 28 2006 and January 29 2005 (fiscal 2006 2005 and 2004)? What amount does Aeropostale report for cost of goods sold for the years ending February 3 2007 January 28 2006 and January 29 2005?4. Compute the gross profit and inventory turnover ratios for fiscal year ending February 3 2007 for each company? What do these ratios tell you about the success of each company in managing and controlling its inventory?5. Do Abercrombie & Fitch and Aeropostale use the lower of cost market method to account for their inventories? By what amount have they written inventories down in the fiscal year ending February 3 2007?