Background Info: (Gap Inc owns Gap, Banana Republic, Old Navy, Intermix, Hill City, and Athleta. Gap...

Background Info:

(Gap Inc owns Gap, Banana Republic, Old Navy, Intermix, Hill City, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations.)

What percentage of Gap’s total assets are current assets? ___53%_____
What percentage of Gap’s total assets are noncurrent assets? __47%_____

Question:

Does the percentages of Gap's current assets and non-current assets make sense when you consider Gap’s line of business? Why?

Solutions

Expert Solution

Summary

Definition of the current asset and non current asset.the percentage make sense.

ekkarill92 answered 9 months ago

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