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Download the annual report of Abercrombie & Fitch (ANF) and Kellogg (K). How do these firms differ in terms of short term financing strategies? For

Download the annual report of Abercrombie & Fitch (ANF) and Kellogg (K). How do these firms differ in terms of short term financing strategies? For example, which firm relies more on lines of credit? Look at their quarterly financial statements on finance.yahoo.com. Which firm has greater seasonality in sales? Does this seem related to their use of bank loans?


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