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Help Please! RWP8-2 (Static) Financial Analysis: American Eagle Outfitters,...

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Accounting

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RWP8-2 (Static) Financial Analysis: American Eagle Outfitters, Incorporated Financial information for American Eagle is presented in Appendix A at the end the book. Required: 1-a. Calculate the current ratio for the past two years. 1-b. Did the current ratio improve or worsen in the more recent year? 2-a. Calculate the acid-test (quick) ratio for the past two years. 2-b. Did the acid-test ratio improve or worsen in the more recent year? 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? Complete this question by entering your answers in the tabs below. Calculate the current ratio for the past two years. (Round your answers to 2 decimal places.) AMERICAN EAGLE OUTFITTERS, INC

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