Use the Topps Company’s annual report to answer the following questions.

a. What was Topps’ current ratio as of March 1, 2003, and March 2, 2002?

b. Did the current ratio get stronger or weaker from 2002 to 2003? Explain briefly why this happened.

c. Topps’ balance sheet reports “Accrued expenses and other liabilities.” What is included in this category?

d. On its balance sheet Topps shows “Other liabilities” of \($22,601,000\) . Does the company explain what these are? If so, what are they?

e. In the footnotes, Topps reveals that it entered into a credit agreement with two banks in 2000. What amount of credit is available to Topps under this agreement, and when does it expire?

f. What restrictions does the credit agreement place on Topps? Be specific.