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):

Line Item Description	Abercrombie & Fitch	The Gap
Current assets:
Cash	$723,135	$1,364,000
Accounts receivable	73,112	290,000
Inventories	437,879	2,156,000
Other current assets	101,824	706,000
Total current assets	$1,335,950	$4,516,000
Current liabilities:
Accounts payable	$226,878	$1,174,000
Other current liabilities	332,039	2,035,000
Total current liabilities	$558,917	$3,209,000

Required:

a. Compute the working capital for each company. Abercrombie: fill in the blank 1 of 6$ thousand The Gap: fill in the blank 2 of 6$ thousand

b. Compute the current ratio for each company. Round your answers to one decimal place. Abercrombie: fill in the blank 3 of 6 The Gap: fill in the blank 4 of 6

c. Compute the quick ratio for each company. Round your answers to one decimal place. Abercrombie: fill in the blank 5 of 6 The Gap: fill in the blank 6 of 6

d. Which company appears to have the greater short-term liquidity? Why?