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Compute, Disaggregate and Interpret ROE and ROA Income statements for The Gap, Inc., follow, along with selected balance sheet information ($ millions). The GAP, INC.

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Compute, Disaggregate and Interpret ROE and ROA Income statements for The Gap, Inc., follow, along with selected balance sheet information ($ millions). The GAP, INC. Consolidated Statement of Earnings Fiscal year ended Jan. 31, 2015 14,549 9,275 Net sales Cost of goods sold and occupancy expenses Gross profit Operating expenses Operating income Interest expense Interest income Income before income taxes Income taxes Feb. 1, 2014 $14,664 8,775 5,889 3,921 1,968 3,836 1,438 74 1,982 778 $1,204 536 $833 Net earnings The GAP, INC. Selected Balance Sheet Data Merchandise inventories Total assets Total stockholders' equity Jan. 31, 2015 $1,615 7,422 2,755 Feb. 1, 2014 $1,620 7,065 Assume a statutory tax rate of 35%

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