Compute the current ratio for each year

Reference no: EM131411109

Excerpted financial information from the records of The Gap, Inc., a major clothing retailer, follows (dollars in millions):

a. Compute the current ratio for each year.

b. Compute the gross margin for each year.

c. Compute inventory turnover and inventory days for 2007 and 2008; compute accounts payable turnover and accounts payable days for 2007 and 2008.

d. Comment on the company's solvency trend.

Reference no: EM131411109

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