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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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