The financial statements and accompanying notes of Aritzia Inc. are presented in Appendix A at the end of this book.

Instructions

a. What classifications does Aritzia use in its balance sheet?

b. In what order are Aritzia’s current assets listed? Its non-current assets?

c. What are Aritzia’s total current assets at February 25, 2018?

d. What are Aritzia’s total current liabilities at February 25, 2018?

e. Calculate Aritzia’s working capital, current ratio, and acid-test ratio for the fiscal years 2018 and 2017. Compare and comment on the results.