Access EDGAR online (SEC.gov) and locate the 10-K report of The Gap, Inc. (ticker: GPS), filed on March 20,2017. Review its reported for the year ended January 28, 2017, to answer the following questions.
Required
1. What are Gap’s main brands?
2. When is Gap’s fiscal year-end?
3. What is Gap’s net sales for the period ended January 28, 2017?
4. What is Gap’s net income for the period ended January 28, 2017?
5. Compute Gap’s profit margin for the year ended January 28, 2017.
6. Do you believe Gap’s decision to use a year-end of late January or early February relates to its natural business year? Explain.
