Income statements for The Gap, Inc. (the Company), follow, along with selected balance sheet information ($ millions).

THE GAP, INC.
Consolidated Statement of Earnings
Fiscal Year Ended	Feb. 1, 2020	Feb. 2, 2019
Net sales	$16,383	$16,580
Cost of goods sold and occupancy expenses	10,250	10,258
Gross profit	6,133	6,322
Operating expenses	5,559	4,960
Operating income	574	1,362
Interest expense	76	73
Interest income	-30	-33
Income before income taxes	528	1,322
Income taxes	177	319

THE GAP, INC.
Selected Balance Sheet Data
	Feb. 1, 2020	Feb. 2, 2019
Merchandise inventories	$2,156	$2,131
Total assets	13,679	8,049
Total stockholders’ equity	3,316	3,553

a. Compute the return on equity (ROE), return on assets (ROA), and return on financial leverage (ROFL) for the fiscal year ended February 1, 2020. Assume a statutory tax rate of 25%.
● Note: Enter your answers rounded to one digit after the decimal.

b. Disaggregate ROA into profit margin (PM) and asset turnover (AT).
● Note: Enter your answers rounded to one digit after the decimal.

c. Compute the gross profit margin (GPM) and inventory turnover (INVT) ratios for the fiscal year ended February 1, 2020.
● Note: Enter your answers rounded to one digit after the decimal.

d. Assess the Gap's performance.