Following are the income statements and balance sheets of Macy's, Inc. a. Forecast Macy's fiscal 2014 income
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Following are the income statements and balance sheets of Macy's, Inc.
a. Forecast Macy's fiscal 2014 income statement and balance sheet using the following relations ( \(\$\) in millions). Assume that all capital expenditures are purchases of property and equipment.
b. What does the forecasted adjustment to balance the accounting equation from part \(a\) reveal to us about the forecasted financing needs of the company? Explain.
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Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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