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Expand Your Critical Thinking 2-4 Suppose the following information was reported by Gap, Inc. 2017 Total assets (millions) $7,015 $7,900 $7,525 $7,855 $8,550 2016 2015

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Expand Your Critical Thinking 2-4 Suppose the following information was reported by Gap, Inc. 2017 Total assets (millions) $7,015 $7,900 $7,525 $7,855 $8,550 2016 2015 2014 2013 Working capital $1,850 $2,510 $1,870 $1,630 $2,795 Current ratio 1.85:1 2.19:1 1.62:1 2.22:1 0.42:1 0.37:1 0.40:1 0.45:1 0.35:1 1.83:1 Debt to assets ratio Earnings per share $1.89 $1.56 $1.36 $1.01 $0.90 (a) Determine the overall percentage decrease in Gap's total assets from 2013 to 2017, What was the average decrease per year? (Round answer to 1 decimal place, e.g. 17.5%) Overall percentage decrease Average decrease per year per year

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