BE10-15 The Gap's most recent financial statements report beginning total assets of US$3,963.9 million; ending total assets of US$5,188.8 million; net sales of US$11,635.4 million; and net income of US$1,127.1 million. Calculate The Gap's asset turnover and return on assets ratios.
BE10-15 The Gap's most recent financial statements report beginning total assets of US$3,963.9 million; ending total assets of US$5,188.8 million; net sales of US$11,635.4 million; and net income of US$1,127.1 million. Calculate The Gap's asset turnover and return on assets ratios.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![BE10–15 The Gap's most recent financial statements report beginning total assets of US$3,963.9
million; ending total assets of US$5,188.8 million; net sales of US$11,635.4 million; and net income
of US$1,127.1 million. Calculate The Gap's asset turnover and return on assets ratios.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8a1a4885-4bfc-4b1b-851f-4117820fc9a8%2Fea7e2d6f-9e0b-4bd6-8bc0-81127b444d3a%2Fnffja3p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:BE10–15 The Gap's most recent financial statements report beginning total assets of US$3,963.9
million; ending total assets of US$5,188.8 million; net sales of US$11,635.4 million; and net income
of US$1,127.1 million. Calculate The Gap's asset turnover and return on assets ratios.
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