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Answer all questions please. Selected balance sheet amounts for Abercrombie & Fitch Co., a retailer of name-brand apparel at premium prices, for seven recent fiscal
Answer all questions please.
Selected balance sheet amounts for Abercrombie & Fitch Co., a retailer of name-brand apparel at premium prices, for seven recent fiscal years follow. a. Compute the missing balance sheet amounts for each of the seven years shown. b. What asset category would you expect to constitute the majority of its current assets? c. Has the proportion of current and long-term assets changed markedly over the past seven years? Explain. d. Does the company appear to be conservatively financed: that is, financed by a greater proportion of equity than of debt? Explain. e. Calculate the current ratio for 2006 and 2012. f. Assume the industry average is 2.25 for the current ratio. Comment on Abercrombie's current ratio relative to the industryStep by Step Solution
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