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Income statements for The Gap, Inc., follow, along with selected balance sheet information (millions).
THE GAP, INC.Consolidated Statement of EarningsFiscal year endedNet SalesCost of goods sold and occupancy expensesGross profitOperating expensesOperating incomeInterest expenseInterest incomeIncome before income taxesIncome taxesNet incomeFeb. 3,2018$15,8559,7896,0664,5871,47974(19)1,424576$848Jan. 28,2017$15,5169,8765,6404,4491,19175(8)1,124448$676
THE GAP, INC.Selected Balance Sheet DataMerchandise inventoriesTotal assetsTotal stockholders’ equityFeb. 3,2018$1,9977,9893,144Jan. 28,2017$1,8307,6102,904
Disaggregate ROA into profit margin (PM) and asset turnover (AT).
Find the list price, given the net cost and the series discount.
Net cost $613.60; trade discount 25/25