Analyze and compare Abercrombie & Fitch and The Gap Abercrombie & Fitch Co. (ANP) 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 & Fitch The Gap Current assets: Cash $547,189 $ 1,783,000 Accounts receivable 93,384 Inventories 399,795 1,830,000 Other current assets 98,932 702,000 Total current assets $1,139,300 $ 4,315,000 Current liabilities: Accounts payable $187,017 $1,243,000 Other current liabilities 298,983 1,210,000 $486,000 Total current liabilities $ 2,453,000 Required: a. Compute the working capital for each company. Abercrombie: The Gap: b. Compute the current ratio for each company. Round to one decimal place. Abercrombie: Previous 399,795 98,932 $1,139,300 1,830,000 702,000 $ 4,315,000 Inventories Other current assets Total current assets Current liabilities: Accounts payable Other current liabilities Total current liabilities Required: $187,017 298,983 $486,000 $ 1,243,000 1,210,000 $ 2,453,000 a. Compute the working capital for each company Abercrombie: The Gap: