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2. The company projects the following to occur in the next fiscal year: - Accounts payable will decrease by 23%. - Other current liabilities are

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2. The company projects the following to occur in the next fiscal year: - Accounts payable will decrease by 23%. - Other current liabilities are expected to increase by 32%. - Cash flow from operations is expected to decrease by 33%. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances for the following accounts and cash flow from operations. Round your answer to the nearest thousand. Abercrombie \& Fitch Co. Consolidated Balance Sheets (Thousands, except par value amounts) Assets January 29,2022 January 30,2021 Current assets: Cash and equivalents Receivables Inventories Other current assets Total current assets Property and equipment, net Operating lease right-of-use assets Other assets Total assets Liabilities and stockholders' equity Curront liabilities: Accounts payable Accrued expenses Short-term portion of operating lease liabilities income taxes payable Total current liabilities Long-term labilities: Long-term portion of operating lease liabilities Long-term portion of borrowings, net Other liablities Total long-term liabilities Stockhoiders' equity Class A Common Stock - $0.01 par value: 150,000 shares authorized and 103,300 shares issued for all periods presented Paid-in capital Retained earnings Accumulated other comprohensive loss, net of tax ("AOCL") Treasury stock, at average cost 50,315 and 40,901 shares at January 29,2022 and January 30 . 2021, respectively Total ABF stockholders' equity Noncontrolling interests Total stockholders' equity Total liabilities and stockholders' equity \begin{tabular}{rr} 697,264 & 957,588 \\ 303,574 & 343,910 \\ 86,069 & 104,693 \\ \hline 1,086,927 & 1,406,191 \end{tabular} The accompanying Notes are an integral part of these Consolidated Financial Statements

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