Business, 15.04.2020 23:15 ToriChristine
Financial information for American Eagle is presented in Appendix A at the end of the book. Required: 1-a. Calculate the current ratio for the past two years. (Round your answers to 2 decimal places.) 1-b. Did the current ratio improve or weaken in the more recent year? Improve Weaken 2-a. Calculate the acid-test (quick) ratio for the past two years. (Round your answers to 2 decimal places.) 2-b. Did the acid-test ratio improve or weaken in the more recent year? Improve Weaken 3. If American Eagle used $100 million in cash to pay $100 million in accounts payable, how would its current ratio and acid-test ratio change? (Round your answers to 2 decimal places.)
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Financial information for American Eagle is presented in Appendix A at the end of the book. Required...
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