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Shares of American Apparel Rank the Lowest in Terms of Current Ratio in the Apparel, Accessories & Luxury Industry (APP, CHKE, GIII, DGSE, PVH)
Mar 07, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Apparel, Accessories & Luxury industry with the lowest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.American Apparel ranks lowest with a a current ratio of 1.3. Following is Cherokee with a a current ratio of 1.4. G-III Apparel ranks third lowest with a a current ratio of 1.6.
DGSE Cos follows with a a current ratio of 1.7, and Phillips-Van Heusen rounds out the bottom five with a a current ratio of 1.7.
SmarTrend recommended that subscribers consider buying shares of Phillips-Van Heusen on July 30th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $81.61. Since that recommendation, shares of Phillips-Van Heusen have risen 53.3%. We continue to monitor Phillips-Van Heusen for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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