Question

Ken Massey is trying to decide how to invest a recent windfall inheritance. Because he is something of a clotheshorse, his first thought was to look at two of his favorite stores, Abercrombie & Fitch and American Eagle Outfitters. Ken visited each company's website and calculated the following ratios based on the financial statements he found there. He also found some industry averages to use as a comparison.


Required
a. Which of the two companies has the stronger liquidity position?
b. How do the companies' positions compare to the industryaverages?


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  • CreatedFebruary 21, 2014
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