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Using the 2020 Annual Report from Abercrombie & Fitch Co. (PDF provided above),

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Using the 2020 Annual Report from Abercrombie & Fitch Co. (PDF provided above), compare and contrast the comments made in “A Note from Fran” (page 3) and the MD&A (pages 4 through 6) to the company’s actual financial performance.
Be sure to read through the Forward-Looking Statements and Risk Factors section on pages 20-26. The income statement is on page 49, and the balance sheet is on page 50.
Discuss whether the MD&A supports the financial information provided.
Use the financial ratios you calculated in the first assignment to support or refute the MD&A.
Do you think there are other circumstances contributing to the financial performance not mentioned in the MD&A?
What are those?
Why do you believe that?
How do you assess A&F’s general financial condition?
What do you think are the future prospects for the company?
Utilize at least two outside sources to support your reasoning. Cite your sources within the body of your assignment and include them on the References list.

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