- What was Gap's Total Assets at the fiscal year end of 2011?What was its Total Liabilities?What was the largest asset of Gap in the year 2011?
- What was Gap's current ratio for the year 2011?What was the current ratio for 2010?What was the implication of that change?
- What was the change of Retained Earnings from the year 2010 to 2011?And what was the Net Income for the year 2011? Is that right that the Net Income in 2011 should be equivalent to the increase of Retained earnings from 2010 to 2011? Why are they not equivalent in this case
8 our ue.brightspace.com Table 01' Contents \\ Item 6. Selected Financial Data. The following selected nancial data are derived from the Consolidated Financial Statements of the Company. We have also included certain non-nancial data to enhance your understanding of our business. in scal 2007, we closed our F onh & Towne stores, and accordingly, loss per share from the operations of Forth & Towne has been presented as a discontinued operation in the table below. The data set forth below should be read in conjunction with \"Management's Discussion and Analysis of Financial Condition and Results of Operations" in Item 7 and the Company's Consolidated Financial Statements and related notes in Item 8. Fiscal Year (number of weeks! 1011(52)_ 1010(521 1009(521 zoaa(sz)_ 20mm; Operating Results (5 in millions) Net sales S 14,549 S 14,664 S 14,197 S 14,526 S 15,763 Gross margin 36.2% 40.2% 40.3% 37.5% 36.1% Operating margin 9.9% 13.4% 12.8% 10.7% 3.3% Income from continuing operations, net of income taxes S 833 5 1,204 S 1,102 S 967 S 867 Net income S 833 S 1,204 S 1,102 S 967 S 933 Cash dividends paid S 23 6 S 25 2 S 234 S 243 S 252 Per Share Data (number of shares in millions) Basic earnings (loss) per share: Income from continuing operations S 1.57 S 1.39 S 1.59 S 1.35 S 1.10 Loss from discontinued operation 3 7 s 7 $ 7 $ 7 S (0,05) Earnings per share S 1.57 S 1.59 S 1.59 S 1.35 S 1.05 Diluted earnings (loss) per share: Income from continuing operations 5 1.56 S 1.38 $ 1 , 5 S S 1.34 S 1.09 Loss from discontinued operation S 7 S 7 $ 7 $ 7 S (0.04) Eamings per share S 1.56 S 1.33 S 1.58 S 1.34 S 1.05 Weighted-average number of shares~bmic 529 636 694 716 791 Weighted-average number of sharesdiluted 533 641 699 719 794 Cash dividends declared and paid per share S 0.45 S 0.40 S 0.34 S 0.34 S 0.32 Balance Sheet Information (5 in millions) Merchandise inventory S 1,515 S 1,620 S 1,477 3 1,506 S 1,575 Total assets S 7,422 S 7,065 S 7,9 85 S 7,564 S 7,838 Working capital S 2,131 S 1,331 S 2,533 S 1,347 S 1,653 Total long-term debt, less current maturities S 1,606 S 7 $ 7 33 7 S 50 Stockholders' equity S 2, 75 5 S 4.030 S 4. 391 S 4.387 S 4,274 Other Data (5 and square footage in millions) Purchases of property and equipment S 548 S 557 S 334 S 431 S 682 Acquisition of business, net of cash acquired (1) s 7 s 7 g 7 3 142 5 7 Number of Companyoperated store locations Open at year-end 3,036 3,068 3,095 3.149 3,167 Number of Franchise store locations open at year-end 227 178 136 l 14 64 Number of store locations open at yearend (2) 3,263 3,246 3,231 3.263 3.231 Percentage increase (decrease) in comparable sales (3) (4)% 2% (3 )'Va (12)% (4)% Square footage of Company-operated store space at yearuend 37 ,2 38,2 38.3 39.5 39.6 Percentage increase (decrease) in square footage of Company-operated store space at year- end (2.6)% (1.5)% (1.8)% (0.3)% 2.3% Number of employees at yearend 132,000 134,000 135,000 134,000 141,000 17 We!!! (I) In September 2008. we acquired all of the outstanding capital stock of Alb lets. Inc, a worm n's sports and active apparel company. For an aggregate purchase price 015148 million. [2) Includes Comwny-operutod and franchise store locations. (3) Beginning in scal 2011. we report comparable sales including the associated comparable online sales. Comparable sales for scal 2010 have been recalculated to include the associated comparable online sales, Comparable sales for scal 2009. 2008, and 2007 exclude the associated comparable airline sales. 18 GAP INC. FORM [0K
