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Project_2_Word - PROJECT #2-FINANCIAL ANALYSIS FOR THE GAP,...

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PROJECT #2-FINANCIAL ANALYSIS FOR THE GAP, INC. PROJECT #2 – FINANCIAL ANALYSIS FOR THE GAP, INC. ALL CHAPTERS 100 Points Due: End of the Day, Wednesday, Week #8 Name: Mahanaim Peterson Text Reference Assignment None Find 1 article about The Gap, Inc. Post the article to the Course Webliography, making sure your article is not a duplicate of another student’s. None Download and print the fiscal 2001 Annual Report for The Gap in Student material section of Doc Sharing . (It may be at GAP web site also located in the Course Webliography). You must have Adobe Acrobat Reader 5.0 software to download the Annual Report. A free copy can be obtained from Adobe’s web site. Note: the 2001 fiscal year is dated the 53 weeks ended 2/2/02 and the 2000 fiscal year is dated the 53 weeks ended 2/3/01. Chapter 1 After reviewing the Gap, Inc. financial statements in their Annual Report, (pages 27-31), Financial Highlights P 10, and 10–year Selected data(pages 10-12) answer the following questions: (1) What is happening to The Gap’s net income over time-is it increasing or decreasing? By how much? Name the items (accounts) most responsible. 1
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PROJECT #2-FINANCIAL ANALYSIS FOR THE GAP, INC. The net income is decreasing over time.  It has decreased by $885,261.  The long term  debt was a factor for this.  Other factors were cost of goods sold and occupancy  expenses. (2). At 2/2/02, how much total resources did The Gap have to work with? (see the Balance Sheet on page 28) As of 2/2/02, the total resources were $7,591,326.   How much did The Gap owe? The Gap owes $4,581,745, which inclues the  current and long term liabilities. How much of its assets did the company’s stockholders actually own? The company’s stockholders actually own $47,430 of assets. Text Reference Assignment Chapter 3 (3) Compute The Gap’s Current Ratio for fiscal 2000 and fiscal 2001 (pages 134-135) from the balance sheet in the Annual Report. (show your computations) Current Ratio (fiscal 2000): 2,648,050/2,799,144 = 0.95 Current Ratio (fiscal 2001): 3,044,550/2,056,233 = 1.48 2
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PROJECT #2-FINANCIAL ANALYSIS FOR THE GAP, INC. Text Reference Assignment Chapter 3 (4) Compute The Gap’s Debt Ratio for fiscal 2000 and fiscal 2001 from (page 135) the balance sheet in the Annual Report. (show your computations)
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Project_2_Word - PROJECT #2-FINANCIAL ANALYSIS FOR THE GAP,...

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