Analyze and compare Abercrombie & Fitch and The Gap Abercrombie & Fitch Co. (ANF) and The Gap, Inc. (GPS) are two U.S. apparel retailers. The current assets and current liabilities for each company from recent balance sheets are as follows (in thousands): Abercrombie Current assets: Cash Accounts receivable Inventories Other current assets Total current assets Current liabilities: Accounts payable Other current liabilities Total current liabilities & Fitch The Gap $723,135 $1,364,000 73,112 437,879 290,000 2,156,000 101,824 706,000 $1,335,950 $4,516,000 Required: a. Compute the working capital for each company. $226,878 $1,174,000 332,039 2,035,000 $558,917 $3,209,000 Abercrombie: 777,033 thousand thousand The Gap: $ 1,307,00 b. Compute the current ratio for each company. Round your answers to one decimal place. Abercrombie: The Gap: 2.4 1.4 V c. Compute the quick ratio for each company. Round your answers to one decimal place. Abercrombie: 1.6 X The Gap: 0.6 X