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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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