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: