Hibbett Sports, Inc. (HIBB) is a sporting goods retailer with locations primarily in the Southeast, Southwest, and Midwest United States. Dick’s Sporting Goods, Inc. (DKS) is a leading full-line retailer of sporting equipment and apparel. The current assets and current liabilities of both companies are provided as follows from recent financial statements (in thousands):

a. What do the “gift cards” listed under each company’s current liabilities represent?
b. Compute the current ratio for Hibbett Sports and Dick’s Sporting Goods.
c. Compute the quick ratio for Hibbett Sports and Dick’s Sporting Goods.
 d. Compare the two companies using the computations in (b) and (c).

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Current assets: Cash Accounts receivable Inventories.... Other current assets. Total current assets.. Current liabilities: Accounts payable.. Gift cards....... Other current liabilities Total current liabilities. Hibbett $ 61,756 9,470 280,287 16,343 $367,856 $107,315 7,500 58,458 $173,273 Dick's $ 69,334 53,173 2,202,275 85,234 $2,410,016 $1,001,589 159,417 915,468 $2,076,474