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book Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello cover

Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

النسخة 17الرقم المعياري الدولي: 978-0078025778
book Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello cover

Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello

النسخة 17الرقم المعياري الدولي: 978-0078025778
تمرين 19
Evaluating Profitability and Liquidity
A recent annual report issued by The Gap, Inc. , revealed the following data:
Evaluating Profitability and Liquidity A recent annual report issued by The Gap, Inc. , revealed the following data:     The company's income statement reported total annual revenue of $14.5 billion and net income for the year of $833 million. Instructions  a. Evaluate The Gap 's profitability by computing its net income percentage and its return on equity for the year. b. Evaluate The Gap 's liquidity by computing its working capital and its current ratio at the beginning of the year and at the end of the year. c. Does The Gap, Inc. , appear to be both profitable and liquid? Explain.
The company's income statement reported total annual revenue of $14.5 billion and net income for the year of $833 million.
Instructions
a. Evaluate The Gap 's profitability by computing its net income percentage and its return on equity for the year.
b. Evaluate The Gap 's liquidity by computing its working capital and its current ratio at the beginning of the year and at the end of the year.
c. Does The Gap, Inc. , appear to be both profitable and liquid? Explain.
التوضيح
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(a)
Net income percentage represents the...

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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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