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 2014 and 2013; compute accounts payable turnover and accounts payable days for 2014 and 2013.
d. Comment on the company€™s solvency trend.

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2014 2013 2012 $ 1,928 4,430 $ 1,889 4,317 1,173 2,234 $ 1,758 4,132 Inventory Current assets Accounts payable Current liabilities 1,242 2,445 $16,148 9,855 1,144 2,344 $16,435 $15,651 9,480 Sales Cost of goods sold 10,146