Please use the 2011 10k to answer questions 1-3 and provide explanations of where they can be found in the 10k.

Using the fiscal 2011(year end Jan 28, 2012)10k for Gap Inc., answer the following questions. Be sure to provide well written answers that are clearly supported. Submit your answers as a .doc, docx, or .pdf file in this assignment folder. 1. What was Gap's Total Assets at the fiscal year end of 2011? What was its Total Liabilities? What was the largest asset of Gap in the year 2011? 2. What was Gap's current ratio for the year 2011? What was the current ratio for 2010? What was the implication of that change? 3. What was the change of Retained Earnings from the year 2010 to 2011? And what was the Net Income for the year 2011?. Is that right that the Net Income in 2011 should be equivalent to the increase of Retained earnings from 2010 to 2011? Why are they not equivalent in this case? Gapinc10K2011.pdf (461.86 KB)