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

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Question

Accounting

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.)

  1. What percentage of Gaps total assets are current assets? ___53%_____
  2. What percentage of Gaps total assets are noncurrent assets? __47%_____

Question:

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

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