Excerpted financial information from the records of The Gap Inc., a major clothing retailer, follows (dollars in millions):

a. Compute the current ratio for each year.
b. Compute the gross margin for each year.
c. Compute inventory turnover and inventory days for 2011 and 2012; compute accounts payable turnover and accounts payable days for 2011 and 2012.
d. Comment on the company's solvency trend.

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2012 2010 S1,620 3,926 1,049 2,095 $14,664 S 8,775 2011 Inventory Current assets Accounts payable Current liabilities Sales Cost of goods sold $ 1,758 4,132 1,144 2,344 $15,651 9,480 $1,615 4,309 1,066 2,128 $14,549 9,275