Answer the requirements in the order they are set up on the template, which follows the requirements listed below.Use the SEC EDGAR website:https://www.sec.gov/edgar/searchedgar/companysearch.htmlto locate the Form 10-K Document for The GAP, Inc. for fiscal year ending January 30, 2021 (Ticker GPS) and The TJX Companies Inc. (Ticker TJX) for fiscal year ending January 30, 2021. Answer the following questions using the 10-K document for each company posted on SEC EDGAR.

1.Provide the Direct URL address of each of 10-K reports at the SEC EDGAR website for each of the companies.

Direct URL address of 10-K report at the SEC EDGAR website

The GAP, Inc.fiscal year ending January 30, 2021

The TJX Companies, Inc. fiscal year ending January 30, 2021

2.Summarize the company's business operations as discussed in the beginning of the company's 10-K in Item 1 for each company.Provide the page number(s) for each of the 10-Ks you are using to support your response.

GAP Inc.

TJX Inc.

Page number(s) referencing

Summarize the company's business operations

3.Find and read the Report of Independent Registered Public Accounting firm in Item 8 of the 10-K.

GAP Inc.

TJX Companies Inc.

What page numbers is the Report of Independent Registered Public Accounting firm found?

Who are the auditors?

What is the nature of the opinion on both the financial statements and internal control?You can copy each of the sentences from the auditor's report which provides the auditor's opinion on the financial statements and internal control.

Explain any audit critical matters that were discussed in the Report of Independent Registered Public Accounting firm.

4.What are the total assets, the total liabilities, and the total equity using the audited financial statements for the fiscal year ended January 30, 2021 for GAP Inc.and TJX Inc.

Total Assets

Total Liabilities

Total Equity

Financial Statement Name as stated in the 10-K

GAP Inc. Numbers are stated in: Millions

TJX Inc. Numbers are stated in: Thousands

Compare and Contrast the size each of the total assets, total liabilities, and total equity. Include in your discussion how each of the companies are financing the company.You need to discuss each of the specific categories in detail.

5.What are the net sales or net revenues, cost of sales or cost of goods sold, and net (loss) earnings of the two companies using the audited financial statements available in Item 8 in the table of contents for The GAP, Inc. and The TJX Companies, Inc.?

Net Sales or Net Revenues

Cost of Sales or Cost of Goods Sold

Net (Loss) Earnings

Financial Statement Name

GAP Inc. Numbers are stated in: Millions

TJX Inc. Numbers are stated in: Thousands

Compare and Contrast the size of net sales or net revenues, cost of sales or cost of goods sold, and net (loss) earnings of the two companies.You also need to discuss the different size of the companies in comparison to each other.

6.Compute the average assets, return on assets (answer should be shown in percentage terms), and the components of the return on assets (profit margin-should be shown in percentage terms and asset turnover-not shown in percentage terms) for the most recent year of the 10-K using the table provided below.

Average assets-Use the total assets from the previous year plus the total assets for the current year and divide by 2. Make sure you identify in thousands or millions.

Return on Assets=Net Income(Loss)/Average Assets

In percentage terms to 2 decimal pts.

Profit Margin=Net Income(Loss)/Net sales

In percentage terms to 2 decimal pts.

Asset Turnover=net sales/average assets.

Show to 2 decimal pts.

GAP Inc.

TJX Inc.

Compare and Contrast and comment upon the findings.Your comments should include how the profit margin and asset turnover are affecting the return on assets.

7.Analyze the Consolidated Statements of Cash Flows for each company for the most recent year, by answering the following questions by entering the information into the table provided below:

GAP Inc. Numbers are stated in: Millions

TJX Inc. Numbers are stated in: Thousands

a. What was the dollar amount of the companies' cash flow from operations?

b. Is operating cash flows smaller or larger than net income?

c. Determine the dollar amount and direction (cash source-positive or use-negative) of cash flows from investing activities.

d. Determine the dollar amount and direction (cash source-positive or use-negative) of cash flows from financing activities.

e. Did the company use cash to purchase property and/or equipment ("capital expenditures") during the year using cash?Which section of the statements of cash flows did you find this information and how much did they buy using cash?

f. Identify all payments of cash related to debt.Which section of the statements of cash flows did you find this information or look for it if there was not reduction and how much did they pay cash?

g. What was the net increase (decrease) in cash or cash equivalents for the year?

h. Comment on each company's cash position including two items that you think are important to monitor that were on the Statement of Cash Flows and explain why you picked these items.