With this case, we review the liquidity of several specialty retail stores. The companies reviewed and the year-end dates are as follows:

1. Abercrombie & Fitch Co.

(January 31, 2009'52-week; February 2, 2008'52-week; February 3, 2007'53-week)

‘‘Abercrombie & Fitch Co .is a specialty retailer that operates stores and websites selling casual sportswear apparel.'' 10-K

2. Limited Brands, Inc.

(January 31, 2009'52-week; February 2, 2008'52-week; February 3, 2007'53-week)

‘‘We operate in the highly competitive specialty retail business.'' 10-K

3. Gap Inc.

(January 31, 2009'52-week; February 2, 2008'52-week; February 3, 2007'53-week)

‘‘We are a global specialty retailer offering clothing, accessories, and personal care products.'' 10-K

Required
a. For each company, indicate the trend in liquidity.
b. How would you rank these companies, consideringliquidity?

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Abercrombie & Fitch GAP Limited Brands 2009 2.28 1.12 Data Reviewed 2008 2.10 1.29 2009 2.41 1.28 2008 2.12 1.00 2009 1.86 79 2008 1.68 78 Current ratio Acid test