Review an Annual Report to gain a general understanding of the...

Review an Annual Report to gain a general understanding of the types of financial information contained in the report and why that information might be useful to a potential reader.  You will also be asked to locate specific financial accounting information in the report. 

Fill in the answers to the the word document "Annual Report Project Spring 2016"

using the document "GPS 2015 Annual Report" (PDF) clearly and thoroughly

Name _________________________________
ACC 110
Financial Accounting Information for Decision-Making
Spring 2016
Annual Report Project
Objectives
 Locate specific financial accounting information in the Gap Inc. (Gap) 2015 Annual Report.
 Calculate various financial ratios and interpret.
 Gain a better understanding of the financial aspects of Gap’s retail business.
Instructions
1. Locate Gap Inc.’s 2015 Annual Report which has been posted to Blackboard with these instructions.
2. There are 10 sections of questions. You will find the information necessary to answer the questions in
“Item 8. Financial Statements and Supplementary Data,” beginning on page 32 of the report. Read through
the questions carefully and answer in the space provided.
3. Please submit your project in hard copy---do not e-mail .
DUE DATE: Thursday, May 5, 2016 (last day of class)
Late projects will not be accepted .
Section 1. Balance Sheet - Overview
1. What are the following amounts at 1/30/16:
a. Total Assets __________________
b. Total Liabilities __________________
c. Total Owner’s Equity __________________
2. At 1/30/16:
a. What is the percentage of debt used to finance Gap? ____________
b. What is the percentage of owner’s equity used to finance Gap? ____________
c. What is the significance of these two percentages?
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