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Selected financial statements from a recent annual report of The Gap Inc. follow. Use these statements to answer the following questions. 1. What amounts did
Selected financial statements from a recent annual report of The Gap Inc. follow. Use these statements to answer the following questions.
1. What amounts did The Gap report for the following items for the fiscal year ended February 1, 2014?
a. Total net revenues
b. Total operating expenses
c. Net income (earnings)
d. Total assets
e. Total stockholders equity
2. How many shares of common stock did The Gap have issued on February 1, 2014?
3. Why do you think The Gap reports more than one year of data in its financial statements?
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