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Type in your name here: ***You must use cell references to earn credit. GAP Inc. Dollar amounts in Millions $ Percentages Common-Size Balance Sheet Jan.

Type in your name here: ***You must use cell references to earn credit.
GAP Inc. Dollar amounts in Millions $ Percentages
Common-Size Balance Sheet Jan. 28, 2023 Jan. 29, 2022 Jan. 28, 2023 Jan. 29, 2022
Current assets:
Cash and cash equivalents $ 1,215 $ 877 10.67% 6.87%
Merchandise inventory 2,389 3,018 20.98% 23.65%
Other current assets 1,013 1,270 8.90% 9.95%
Total current assets 4,617 5,165 40.55% 40.47%
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 4,837 5,071 42.48% 39.74%
Property and equipment, net of accumulated depreciation 2,688 3,037 23.61% 23.80%
Operating lease assets 3,173 3,675 27.87% 28.80%
Other long-term assets 908 884 7.97% 6.93%
Total assets $ 11,386 $ 12,761 100.00% 100.00%
Current liabilities:
Accounts payable 1,320 1,951 11.59% 15.29%
Accrued expenses and other current liabilities 1,219 1,367 10.71% 10.71%
Current portion of operating lease liabilities 667 734 5.86% 5.75%
Income taxes payable 50 25 0.44% 0.20%
Total current liabilities 3,256 4,077 28.60% 31.95%
Long-term liabilities:
Line of Credit Facility, Amount Outstanding 350 0 3.07% 0.00%
Long-term debt 1,486 1,484 13.05% 11.63%
Long-term operating lease liabilities 3,517 4,033 30.89% 31.60%
Other long-term liabilities 544 445 4.78% 3.49%
Total long-term liabilities 5,897 5,962 51.79% 46.72%
Stockholders' equity: #VALUE! #VALUE!
Common stock $0.05 par value, Authorized 2,300 shares for all periods presented 18 19 0.16% 0.15%
Additional Paid in Capital 27 43 0.24% 0.34%
Retained earnings 2,140 2,622 18.80% 20.55%
Accumulated other comprehensive income 48 38 0.42% 0.30%
Total stockholders' equity 2,233 2,722 19.61% 21.33%
Total liabilities and stockholders' equity $ 11,386 $ 12,761 100.00% 100.00%
Answer the following questions based on the most recent year.
a. What are the companys 2 largest assets?
b. What are the companys 2 largest liabilities?
c. What percentage of total assets is financed by owners?
d. What percentage of total assets is financed by creditors?

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