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Suppose the following information was reported by Gap, Inc. 2022 2021 2020 2019 2018 Total assets (millions) $7.524 $8,485 $8,064 $8.338 $9,000 Working capital
Suppose the following information was reported by Gap, Inc. 2022 2021 2020 2019 2018 Total assets (millions) $7.524 $8,485 $8,064 $8.338 $9,000 Working capital $1.981 Current ratio 186:1 2091 $2.573 $2,007 $1.663 $3.007 1901 175:1 2211 Debt to assets ratio 0.34:1 0.481 0.371 0441 0421 (a) Determine the overall percentage decrease in Gap's total assets from 2018 to 2022. What was the average decrease per year? Enter negative answers using either a negative sign preceding the number ex-45 or parentheses eg (45) Round answers to 1 decimal places 17.5%) Overall percentage decrease % Average decrease per year % per year
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