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?