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The following information was reported by Gap, Inc. in its 2010 annual report. Determine the overall percentage decrease in Gaps total assets from 2006 to
The following information was reported by Gap, Inc. in its 2010 annual report. Determine the overall percentage decrease in Gaps total assets from 2006 to 2010. What was the average decrease per year? Comment on the change in Gap's liquidity. Does working capital or the current ratio appear to provide a better indication of Gap's liquidity? What might explain the change in Gap's liquidity during this period? Comment on the change in Gap's solvency during this period. Comment on the change in Gap's profitability during this period. How might this affect your prediction about Gap's future profitability
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