12-1 Preparing a horizontal analysis (L01) The current asset portion of Falcon Outfitters, Inc.'s balance...
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12-1 Preparing a horizontal analysis (L01) The current asset portion of Falcon Outfitters, Inc.'s balance sheet as of January 31, 2013, and February 2, 2012, is as follows (in $000s). Fiscal Year Ended fanuary 31, 2013 February 2.2012 Current assets Cash and equivalents $473,342 $ 116,610 Short-term investments 10,115 503,878 Merchandise inventory 294,928 286,845 Accounts & notes receivable 41,714 31,920 Prepaid expenses and other 59,660 35,648 Deferred income taxes 45.744 47.004 Total current assets $925,503 $1,021.905 Required Prepare a horizontal analysis of Falcon's current assets, rounding your answers to one decimal place
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