Access the financial statements for the year ended January 28, 2017, for Gap Inc
Access the financial statements for the year ended January 28, 2017, for Gap Inc. by downloading them from www.gapinc.com, and use them to answer the following questions.
Required:
1. What amounts did Gap Inc, report for the following items for the fiscal year ended January 28, 2017?
2. How many shares of common stock had been issued by Gap Inc. as of January 28, 2017?
https://www.homeworklib.com
Homework Answers
Add Answer to:
Access the financial statements for the year ended January 28, 2017, for Gap Inc
willy 4. The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported me...
willy 4. The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported me information (in thousands). Cost of sales Inventories, net LIFO reserve 2016 $1,517,397 585,764 4,345 2015 $1,529,527 546,745 4,094 If Caleres had used the FIFO method of inventory costing, 2016 COGS would have been: A) $1,517,648 thousand B) $1,551,301 thousand C) $1,553,198 thousand D) $1,517,146 thousand E) None of the above 5. The 2016 financial statement of Willamette Valley Vineyards reported Net revenues of $19.425,412...
FINANCIAL ACCOUNTING II For the entire year ended December 31, 2017, The Martin Corporation had 40,000...
FINANCIAL ACCOUNTING II For the entire year ended December 31, 2017, The Martin Corporation had 40,000 shares of preferred stock issued and outstanding, the stock has a stated value of $10 per share and has long traded on the open market at $16 per share. The preferred shares are non-cumulative and non-participating, and the dividend rate is 3%. As of the year-end, the company's board of directors has not declared any dividends for the year. The company also has common...
Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2016 for...
Refer to the financial statements of The Home Depot in Appendix
A. (Note: Fiscal 2016 for The Home Depot runs from February 1,
2016, to January 29, 2017. As with many retail companies, The Home
Depot labels the period “Fiscal 2016” even though it ends in the
2017 calendar year. The label “Fiscal 2016” is appropriate because
Fiscal 2016 includes 11 months from the 2016 calendar year. The
Home Depot explains its choice of fiscal period in Note 1 to...
Sunland Company had the following information in its financial statements for the years ended 2017 and...
Sunland Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 Market price of stock, 12/31/18 Common stockholders' equity, 12/31/17 Common stockholders' equity, 12/31/18 Outstanding shares, 12/31/18 Preferred dividends for the year ended 2018 $5400 96700 9 1001000 1197000 99100 14900 What is the rate of return on common stock equity for Sunland Company for the...
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data A...
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data Assets Current assets: Cash and cash equivalents 1,778 $ 3,595 Receivables, net 1,936 1,952 Merchandise inventories 13,925 12,748 Other current assets 890 638 Total current assets 18,529 18,933 22,375 Net property and equipment 22,075 Goodwill 2,252 2,275 Other assets 847 1,246 Total assets 44,003 44,529 Liabilities and Stockholders' Equity Current liabilities: 1,339 $ Short-term debt $ 1,559 Accounts payable Accrued salaries...
Range Energy Corp.’s financial statements for the current year ended December 31, 2017, have been completed...
Range Energy Corp.’s financial statements for the current year ended December 31, 2017, have been completed and submitted to you for review. The equity account balances a year ago, at December 31, 2016, are as follows: Preferred shares, $4.20 non-cumulative, 10,400 shares authorized, issued, and outstanding $752,050 Common shares, unlimited shares authorized, 124,000 shares issued and outstanding 1,428,350 Retained earnings 681,795 The only share transactions during 2017 were the declaration and distribution of a 24,800 common share dividend on July...
Facts For the year ended December 31, YR01 Target Inc. had net income of $10,000. At...
Facts For the year ended December 31, YR01 Target Inc. had net income of $10,000. At this date Target had 1,000 common shares issued and outstanding (par value =$1 per share). The number of common shares issued and outstanding did not change during YR01. Also, Target Inc. has no outstanding convertible securities. Target Inc. issued its December 31, YR01 annual report to shareholders on February 1, YR02. On January 15, YR02 the Board of Directors declared a 10% stock dividend...
Common-Size and Forecast Income Statements Refer to the income statements for The Gap, Inc., presented below....
Common-Size and Forecast Income Statements Refer to the income statements for The Gap, Inc., presented below. a. Prepare common-size income statements for fiscal years 2017 (ending February 3, 201 Round answers to one decimal place (i.e., 0.2568 = 25.7%). The Gap, Inc. Common-Size Income Statements Fiscal year ended Feb. 3, 2018 Jan. 28, 2017 Net sales $15,855 100 % $15,516 100 % Cost of goods sold & occupancy expenses 9,789 61.796 9,876 63.7 96 Gross profit 6,066 38.3 % 5,640...
Booster Company is preparing its financial statements for the year ended June 30, 2018. The financial...
Booster Company is preparing its financial statements for the
year ended June 30, 2018. The financial statements are complete
except for the statement of cash flows. You have been asked to
prepare a statement of cash flows for the year ended June 30,
2017.
Booster Company A1 Company Facts:
PLEASE FILL IN THE BELOW CHARTS FOR THE
ASSIGNMENT:------------------------------------------------------------------
Account Balances June 30, 2017 June 30, 2018 Debits $ $ L 361,700 100,000 11,700 1,500 168,750 45.000 Cash Accounts Receivable Marketable...
Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes...
Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended January 30, 2016, are available in the Connect. This material also is available under the Investor Relations link at the company’s website (www.target.com). 1) What amounts did Target report for the following items for the year ended January 30, 2016? b) Income from current operations c) Net income or net loss d) Total assets e) Total equity 2) What was...
willy 4. The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported me information (in thousands). Cost of sales Inventories, net LIFO reserve 2016 $1,517,397 585,764 4,345 2015 $1,529,527 546,745 4,094 If Caleres had used the FIFO method of inventory costing, 2016 COGS would have been: A) $1,517,648 thousand B) $1,551,301 thousand C) $1,553,198 thousand D) $1,517,146 thousand E) None of the above 5. The 2016 financial statement of Willamette Valley Vineyards reported Net revenues of $19.425,412...
FINANCIAL ACCOUNTING II For the entire year ended December 31, 2017, The Martin Corporation had 40,000 shares of preferred stock issued and outstanding, the stock has a stated value of $10 per share and has long traded on the open market at $16 per share. The preferred shares are non-cumulative and non-participating, and the dividend rate is 3%. As of the year-end, the company's board of directors has not declared any dividends for the year. The company also has common...
Refer to the financial statements of The Home Depot in Appendix
A. (Note: Fiscal 2016 for The Home Depot runs from February 1,
2016, to January 29, 2017. As with many retail companies, The Home
Depot labels the period “Fiscal 2016” even though it ends in the
2017 calendar year. The label “Fiscal 2016” is appropriate because
Fiscal 2016 includes 11 months from the 2016 calendar year. The
Home Depot explains its choice of fiscal period in Note 1 to...
Sunland Company had the following information in its financial statements for the years ended 2017 and 2018: Cash dividends for the year 2018 Net income for the year ended 2018 Market price of stock, 12/31/17 Market price of stock, 12/31/18 Common stockholders' equity, 12/31/17 Common stockholders' equity, 12/31/18 Outstanding shares, 12/31/18 Preferred dividends for the year ended 2018 $5400 96700 9 1001000 1197000 99100 14900 What is the rate of return on common stock equity for Sunland Company for the...
THE HOME DEPOT, INC. CONSOLIDATED BALANCE SHEETS February 3, 2019 January 28, 2018 in millions, except per share data Assets Current assets: Cash and cash equivalents 1,778 $ 3,595 Receivables, net 1,936 1,952 Merchandise inventories 13,925 12,748 Other current assets 890 638 Total current assets 18,529 18,933 22,375 Net property and equipment 22,075 Goodwill 2,252 2,275 Other assets 847 1,246 Total assets 44,003 44,529 Liabilities and Stockholders' Equity Current liabilities: 1,339 $ Short-term debt $ 1,559 Accounts payable Accrued salaries...
Common-Size and Forecast Income Statements Refer to the income statements for The Gap, Inc., presented below. a. Prepare common-size income statements for fiscal years 2017 (ending February 3, 201 Round answers to one decimal place (i.e., 0.2568 = 25.7%). The Gap, Inc. Common-Size Income Statements Fiscal year ended Feb. 3, 2018 Jan. 28, 2017 Net sales $15,855 100 % $15,516 100 % Cost of goods sold & occupancy expenses 9,789 61.796 9,876 63.7 96 Gross profit 6,066 38.3 % 5,640...
Booster Company is preparing its financial statements for the
year ended June 30, 2018. The financial statements are complete
except for the statement of cash flows. You have been asked to
prepare a statement of cash flows for the year ended June 30,
2017.
Booster Company A1 Company Facts:
PLEASE FILL IN THE BELOW CHARTS FOR THE
ASSIGNMENT:------------------------------------------------------------------
Account Balances June 30, 2017 June 30, 2018 Debits $ $ L 361,700 100,000 11,700 1,500 168,750 45.000 Cash Accounts Receivable Marketable...
Most questions answered within 3 hours.
-
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 13 minutes ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 1 hour ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 1 hour ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 1 hour ago -
Assume memory access is 10 units of time and disk access is
10000 units of time....
asked 1 hour ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 2 hours ago -
Under all the various types of market structures, firms
must eventually earn some economic profits for...
asked 1 hour ago -
Consider the following fitness regime for a single locus trait
with two co-dominant alleles: w11 =...
asked 1 hour ago -
A large cable company reports the following.
80% of its customers subscribe to its cable TV...
asked 2 hours ago -
Please answer the question in brief.
Discuss the role of ERP in organizations. Are ERP tools...
asked 1 hour ago -
Discuss the pros and cons of collaborative software such
as SameTime. Does it increase productivity? What...
asked 2 hours ago -
Buying your in-laws a gift because it’s expected is
due to the ____________ motive of gift-giving....
asked 2 hours ago