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3. A current ratio of less than one indicates which of the following (circle the best answer)? a) The company will have a hard time
| 3. A current ratio of less than one indicates which of the following (circle the best answer)? | |||||||||||
| a) | The company will have a hard time paying current debt. | ||||||||||
| b) | The company will have an easier time paying current debt. | ||||||||||
| 4-6: Perform horizontal (time period to time period) analysis for the report year 2017 on key lines of the income statement. | |||||||||||
| (See last page for how to do this). Carry your analysis out to 1/10th of a percentage. Show your work and results. Use formulas where you can. | |||||||||||
| Abercrombie | Gap | ||||||||||
| 4. Find the percent change in sales (total): | = | ||||||||||
| Abercrombie | Gap | ||||||||||
| 5. Find the percent change in Gross Margin (total): | |||||||||||
| Do not use GM %, find the change. | |||||||||||
| Abercrombie | Gap | ||||||||||
| 6. Find the percent change in net income: | |||||||||||
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