FratFiles

• Save Paper

GAP Inc.

Comparative Balance Sheets
Gap Inc.’s 2006 balance sheet under assets shows a significant increase in the combined merchandise inventory and other current assets of $188 million and a slight decrease in their cash and cash equivalent by $5 million. Their short-term investment and restricted cash plunged -40% and -20% respectively losing $393 million. This was a result of Gap Inc.’s repurchasing their common stock shares and an increased in their capital expenditures. Common stock repurchases increased Treasury stock 19.8% or $1 billion; dropping outstanding shares to 43,116 from the previous year. Additional paid-in capital increased by a healthy $229 million at the same time decreasing long-term debt by -63% or $325 million as a result of the repurchase plan. Gap Inc.’s decrease in income tax payables to -81% for a savings of $69 million resulted from favorable tax rate settlement. Accrued expenses which comprises of payroll and related benefits, deferred rent......

View the rest of this paper...

Approximate Word Count: 652
Approximate Pages: 3 (250 words per double-spaced page)

Similar Essays

1. Gap Inc Future
   

   Gap Inc Future GAP Inc. Comparative Balance Sheets Gap Inc.'s 2006 balance sheet under assets shows a significant increase in the combined merchandise inventory and other current

2. Gap Inc
   

   Gap Inc Table Of the Contents Introduction 2 Development 2 The nature of the external environment surrounding the company 3 Markets 3 International 3 Suppliers 3 Distribution

3. Gap, Inc. Portfolio Analysis
   

   Gap, Inc. Portfolio Analysis Gap, Inc. Portfolio Analysis [pic] Company Overview: Gap, Inc. is a leading American specialty apparel retailer based in San Francisco, California. It

4. Gap Inc
   

   Gap Inc Basic Information: Gap Inc. world headquarters offices are based in the San Francisco Bay Area and their product design offices are located primarily in New York City, San

5. Recommendations For Gap, Inc: Improving Stakeholder Management
   

   Recommendations for Gap, Inc: Improving Stakeholder Management Recommendations for Gap, Inc.: Improving Stakeholder Management Gap, Inc. has moved the location of its factories