Access the SEC’s EDGAR database (www.SEC.gov) and obtain the April 25, 2006, filing of its fiscal 2005 10-K report (for year ended January 28, 2006) for J. Crew Group, Inc.

Required

Prepare a table that reports the acid-test ratios for J. Crew using the quick assets and current liabilities data from J. Crew’s balance sheet for 2005 and 2006. Analyze and comment on any trend in its acid-test ratio.