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Visit the EDGAR database. Access the 10-K report of the GAP, Inc., filed on March 20, 2018. Review its financial statements reported for the year

Visit the EDGAR database. Access the 10-K report of the GAP, Inc., filed on March 20, 2018. Review its financial statements reported for the year ended February 3, 2018.

To access this information:

  • Search SEC.gov Company Filings for GAP by entering the ticker information, GPS, in the Fast Search box

After reviewing the above information, answer the following questions:

  • What are the GAP's main brands?
  • What is the GAP's fiscal year-end?
  • What is the GAP's net sales for the fiscal year ended February 3, 2018?
  • What is the GAP's net income for the fiscal year ended February 3, 2018?
  • Compute the GAP's profit margin for the fiscal year ended February 3, 2018.
  • Do you believe the GAP's decision to use a year-end of late January or early February relates to its natural business year? When answering this question elaborate, expand upon, and support your thoughts.

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