Background Info:(Gap Inc owns Gap, Banana Republic, Old Navy, Intermix, HillCity, and Athleta. Gap...Background...

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Accounting

Background Info:
(Gap Inc owns Gap, Banana Republic, Old Navy, Intermix, HillCity, and Athleta. Gap Inc. is the largest specialty retailer inthe United States, and is 3rd in total internationallocations.)
What percentage of Gap’s total assets are current assets?_53%_
What percentage of Gap’s total assets are noncurrent assets?47%_____
Question:
Does the percentages of Gap's current assets andnon-current assets make sense when you consider Gap’s line ofbusiness? Why?

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In: AccountingBackground Info:(Gap Inc owns Gap, Banana Republic, Old Navy, Intermix, HillCity, and Athleta. Gap...Background Info:(Gap Inc owns Gap, Banana Republic, Old Navy, Intermix, HillCity, and Athleta. Gap Inc. is the largest specialty retailer inthe United States, and is 3rd in total internationallocations.)What percentage of Gap’s total assets are current assets?___53%_____What percentage of Gap’s total assets are noncurrent assets?__47%_____Question:Does the percentages of Gap's current assets andnon-current assets make sense when you consider Gap’s line ofbusiness? Why?