Financial Statement Modeling Wall Street Prep Exam VERIFIED 2026

Financial Statement Modeling Wall Street Prep Exam VERIFIED




WALL STREET PREP
Professional Financial Modeling Program




Financial Statement Modeling
Wall Street Prep Exam
VERIFIED

Exam Type Comprehensive Financial Statement Assessment
Total Questions 50 Questions
Duration 100 Minutes
Format Multiple Choice, Scenario & Calculation
Passing Score 75% ( Questions)
Certificate Awarded upon successful completion



For personal study use only. Do not distribute.




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,Financial Statement Modeling Wall Street Prep Exam VERIFIED




EXAM INSTRUCTIONS


• This exam tests financial statement modeling concepts from the Wall Street Prep
curriculum.
• All 50 questions are multiple choice — select the single best answer.
• Questions 1–4 reference American Eagle Outfitters (AEO) 10-K filing data.
• A financial calculator or spreadsheet software is permitted.
• All dollar figures are in thousands ($000s) unless specified otherwise.
• Share counts are in millions unless stated otherwise.
• Passing score is 75% (38 correct out of 50).


Section Topic Qs
SEC Filing Analysis &
Section 1 Q1–Q10
Income Statement
Balance Sheet
Section 2 Q11–Q20
Modeling
Section 3 Cash Flow Statement Q21–Q30
Financial Ratios &
Section 4 Q31–Q40
Metrics
Three-Statement
Section 5 Q41–Q50
Model Integration




SECTION 1 — SEC Filing Analysis & Income Statement

Questions 1–4 use data from the American Eagle Outfitters (AEO) 10-K filing.


Question 1: Questions 1–4 will refer to an AEO 10K. Ignoring the impact of Share-based
compensation expense included in cost of sales, what is gross profit for the year ending
1/30/2016?

A. $1,267,757
B. $1,323,734
C. $1,326,181
D. $1,337,711
E. $1,372,581



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, Financial Statement Modeling Wall Street Prep Exam VERIFIED



Correct: B — From the AEO 10-K income statement: Net Revenue minus COGS (excluding
SBC allocated to cost of sales). AEO's FY2015 (ending 1/30/2016) gross profit, adding back the
SBC portion included in COGS, equals $1,323,734 thousand.



Question 2: This question uses the same AEO 10K as the previous question. What is
depreciation expense for the year ending 1/30/2016?

A. $112.6 million
B. $119.6 million
C. $128.4 million
D. $140.6 million
E. $148.2 million
Correct: D — Depreciation expense is disclosed in the cash flow statement (operating
activities section) or in the notes to financial statements. From AEO's FY2015 10-K, D&A expense =
$140.6 million for the year ending 1/30/2016.



Question 3: This question uses the same AEO 10K as the previous question. What is AEO's
share count on 3/7/2016?

A. 180.1 million
B. 180.7 million
C. 194.4 million
D. 196.2 million
E. 196.7 million
Correct: B — The cover page of AEO's 10-K filing (filed ~March 2016) discloses shares
outstanding as of the filing date. As of 3/7/2016, AEO had approximately 180.7 million shares of
common stock outstanding.



Question 4: This question uses the same AEO 10K as the previous question. As of 1/30/2016,
what is the sum of the next 5 years' amortization expenses of AEO's intangible assets?

A. $3.5 million
B. $9.7 million
C. $12.2 million
D. $14.8 million
E. $18.3 million
Correct: B — The intangible assets footnote in AEO's 10-K discloses the expected
amortization schedule for the next 5 fiscal years. Summing the five annual amortization amounts
from the note equals approximately $9.7 million.




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