3. RATIOS AND LIQUIDITY E4.17 (LO 4) AN Gildan Activewear Inc. is a leading manufacturer and marketer of family apparel, including T-shirts, fleece, sport shirts, socks, and shapewear. Its brands include American Apparel and Gold Toe. The following data (in thousands of U.S. dollars) were taken from Gildan's financial statements: December 29, December 30, December 31, 2018 $ 46,657 2017 $ 52,795 317,159 243,365 1,052,052 1,689 940,029 3,891 945,738 77,064 77.377 62,092 1,514,173 422,404 1,382,911 346,985 1,307,881 258,476 2019 Cash and cash equivalents $ 64,126 Trade accounts receivable 320,931 Income taxes receivable - Inventories Prepaid expenses, deposits, and other current assets Current assets Current liabilities Instructions a. Calculate the working capital, current ratio, and acid-test ratio for each year. b. Discuss Gildan's liquidity on December 29, 2019, compared with the two previous years. n 1 610 PRINT