The 10-K Report for The Gap and supporting documentation has been provided to you as part of this exam pack. Your exam package includes the following: - 10-K Report for The Gap for the year ended February 2, 2019 (plus comparative years) - 5 years of ratio analyses for The Gap and four competitors from FactSet (Note some of the 2019 ratios for The Gap have been erased, as marks are to be awarded for ratio calculations where relevant) - 5 year historic Balance Sheet and Income Statement for The Gap from FactSet, plus horizontal and vertical analysis - 5 year historic Cash Flow Statement for The Gap from FactSet - Snapshots with additional information on The Gap and competitors You are required to review the Fiscal 2018 operating results (i.e. for the year ended Feb 2, 2019), balance sheet and other statements for The Gap, and provide an analysis of the overall company based on a review of these Fiscal 2018 statements. Use the notes to the financial statements and the MD&A to provide facts and information to support the various points you are making. Marks will be awarded for calculation of various ratios and appropriate use of things such as the horizontal and vertical analysis, and industry peer information. The greatest number of marks will be awarded based on the assessment of the quality of the analysis of the various numbers that are calculated. 

The objective is for you to demonstrate that you understand the significance of the financial statements and can provide a supported analysis of these statements. Your analysis must also include a concluding paragraph giving your view on two observations you have made from your analysis that you believe are positive for the company, and two observations that you believe are negative.

Answer rating: 100% (QA)

To analyze the financial statements and provide an assessment of a company such as The Gap it would be best to review the provided documents including ... View the full answer