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Background Info: (Gap Inc owns Gap, Banana Republic, Old Navy, Intermix, Hill City, and Athleta. Gap Inc. is the largest specialty retailer in the United

Background Info:

(Gap Inc owns Gap, Banana Republic, Old Navy, Intermix, Hill City, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations.)

  1. What percentage of Gaps total assets are current assets? ___53%_____
  2. What percentage of Gaps total assets are noncurrent assets? __47%_____

If you need more info, please do not try to answer the question. Just defining current and noncurrent assets is NOT answering the question.

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Does it makes sense for a company like Gap to have 53% of total assets as current assets and 47% as non-current assets? Why?

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