Refer to the financial statements of Express, Inc. in Appendix C.

Required:

1. Use the company's balance sheet to determine the amounts in the accounting equation (A = L + SE) as of February 3, 2018.

2. If the company were liquidated at the end of the current year (February 3, 2018), are the shareholders guaranteed to receive $710,081?

4. What is the company's current ratio?

5. Did the company have a cash inflow or outflow from investing activities? Of how much?