Selected information from the comparative balance sheets for Sears Holdings Corporation is presented here. Although some accounts are not listed, all of the current assets and current liabilities are given.

Requirements
1. Provide the following values at the end of each given fiscal year:
a. Current assets
b. Current liabilities
c. Current ratio
2. Based on your answers in part 1, discuss the change in liquidity between the twoyears.

Sears Holdings Corporation From the Consolidated Balance Sheets dollars in millions) January 31, 2009 February 2, 2008 Cash Accounts receivable Inventory Other current assets Property, plant, and equipment Accounts payable Other current liabilities Long-term liabilities Total shareholders' equity $1,297 839 8,795 485 8,091 3,006 5,506 7,450 9,380 1,622 744 9,963 473 8,863 3,487 6,075 7,168 10,667