Access the financial statements for the year ended January 28, 2017, for Gap Inc. by downloading them

Question:

Access the financial statements for the year ended January 28, 2017, for Gap Inc. by downloading them from www.gapinc.com, and use them to answer the following questions.

Required:

1. What amounts did Gap Inc. report for the following items for the fiscal year ended January 28, 2017?

a. Total net revenues

b. Total operating expenses

c. Net income (earnings)

d. Total assets

e. Total stockholders’ equity

2. How many shares of common stock had been issued by Gap Inc. as of January 28, 2017?

3. Does Gap Inc. report more than one year of data in its financial statements? Explain why or why not.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...

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