Using the financial ratios provided in the Appendix and the following financial statement information for Macys, Inc.,

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Using the financial ratios provided in the Appendix and the following financial statement information for Macy’s, Inc., calculate the following ratios for Macy’s for both 2017 and 2018.

i. Gross profit margin ii. Operating profit margin iii. Net profit margin iv. Times interest earned coverage v. Return on shareholders’ equity vi. Return on assets vii. Long-term debt-to-equity ratio viii. Days of inventory ix. Inventory turnover ratio x. Average collection period Based on these ratios, did Macy’s financial performance improve, weaken, or remain about the same from 2015 to 2016?image text in transcribedimage text in transcribedimage text in transcribed

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Essentials Of Strategic Management

ISBN: 9781260575668

7th International Edition

Authors: John E. Gamble

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