MAD 10-2 Analyze and compare Abercrombie & Fitch and The Gap Abercrombie & Fitch Co. (ANF) and The Gap, Inc. (GPS) are two U.S. apparel retailers. The cur- rent assets and current liabilities for each company from recent balance sheets are as follows (in thousands): Obj. 7 Abercrombie & Fitch The Gap Current assets: Cash Accounts receivable Inventories $ 547,189 $1,783,000 93,384 1,830,000 702,000 $4,315,000 399,795 . .. 98,932 $1,139,300 Current liabilities: $ 187,017 298,983 486,000 $1,243,000 1,210,000 $2,453,000 Other current liabilities Total current liabilities a. Compute the working capital for each company. b. Compute the current ratio for each company. Round to one decimal place. c. Compute the quick ratio for each company. Round to one decimal place. d. Which company appears to have the greater short-term liquidity? Why