# The Gap Inc. operates over 3,000 specialty retail stores under such brand names as GAP, Old Navy, and banana republic. The following asset and liability data (in millions) were adapted from recent financial statements. 1. Compute working capital for Years 2 and 1.2. Compute the current ratio for Years 2 and 1. Round to one decimal place. 3. Compute the

The Gap Inc. operates over 3,000 specialty retail stores under such brand names as GAP, Old Navy, and banana republic. The following asset and liability data (in millions) were adapted from recent financial statements.

1. Compute working capital for Years 2 and 1.

2. Compute the current ratio for Years 2 and 1. Round to one decimal place.

3. Compute the quick ratio for Years 2 and 1. Round to one decimal place.

4. Analyze and assess any changes in liquidity for Years 2 and1.

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