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Exercise 12-1 The current asset portion ofAmerican Eagle Outfitters, Inc.sbalance sheet is as follows (in $000s). Fiscal Year Ended January 28, 2012 January 29, 2011

Exercise 12-1 The current asset portion ofAmerican Eagle Outfitters, Inc.sbalance sheet is as follows (in $000s).
Fiscal Year Ended
January 28, 2012 January 29, 2011
Current assets:
Cash and cash equivalents$719,545$667,593
Short-term investments25,49967,102
Merchandise inventory378,426301,208
Accounts receivable40,31036,721
Prepaid expenses and other74,94753,727
Deferred income taxes48,76148,059
Total current assets$1,287,488$1,174,410

Prepare a horizontal analysis of American Eagles current assets.(If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.5%.)
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