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How did i get the second one wrong raded hw problems - REQ'D w problems - REQ'D A Saved Hell Check my work mode: This

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raded hw problems - REQ'D w problems - REQ'D A Saved Hell Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com E6-2 Inferring Merchandise Purchases (LO 6-2] The Gap, Inc., is a specialty retailer that operates stores selling clothes under the trade names Gap, Banana Republic, Athleta, and Old Navy. Assume that you are employed as a stock analyst and your boss has just completed a review of the annual report of The Gap. Inc., for the third quarter of 2016. She provided you with her notes, but they are missing some information that you need. Her notes Show the inventory for Gap was $2.4 billion at the end of the quarter and $2.0 billion at the beginning of the quarter. Net Sales for the quarter were $3.8 billion. Gross Profit was $1.5 billion and Net Income was $204 million, Required: Determine the cost of Goods Sold and Purchases for the third quarter. (Enter your answers in billions rounded to 1 decimal place.) Answer is complete but not entirely correct. $ 2.3 Cost of Goods Sold Purchases Amount billions billions

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