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Indigo Books & Music Inc. (Indigo) is Canada's largest book, gift, and specialty toy retailer, operating stores in all ten provinces and one territory in

Indigo Books & Music Inc.("Indigo") is Canada's largest book, gift, and specialty toy retailer, operating stores in all ten provinces and one territory in Canada and offering online sales through itsindigo.ca website. The following data (in thousands) were taken from Indigo's financial statements:

March 28, 2015 March 29, 2014 March 30, 2013

Cash and cash equivalents

$203,162 $157,578 $210,562

Accounts receivable

4,896 5,582 7,126

Inventories

208,395 218,979 216,533

Income tax receivable

25

Prepaid expenses

5,477 5,184 4,153

Current assets

421,955 387,323 438,374

Current liabilities

223,239 197,627 214,031

Calculate the working capital, current ratio, and acid-test ratio for each year.

Comment on Indigo's liquidity on March 28, 2015, compared with the two previous years.

Indigo's liquidity at March 28, 2015 is very___ __(different ?similar?) to that of the two previous fiscal years. Ratios are_____ (weak? strong? ) due in part to very few sales on account.

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