6) Using 2018 Macys information, compute its current and quick ratio. How do you compare Macys 2018 ratios with 2017?

8) What was Macys ROE and ROA for 2018?

MACY'S, INC. CONSOLIDATED STATEMENTS OF INCOME (millions, except per share data) Net sales Credit card revenues, net. 2018 24.971 $ 768 2017 24,939 $ 702 2016 25.908 656 (15,215) (9,039) 389 (136) 1,738 39 (15,666) (9,257) 209 (479) 1,371 55 (98) (367) (88) Cost of sales Selling, general and administrative expenses Gains on sale of real estate Restructuring, impairment, store closing and other costs Operating income.. Benefit plan income, net.. Settlement charges Interest expense Gains (losses) on early retirement of debt.. Interest income Income before income taxes.. Federal, state and local income tax benefit (expense). Net income Net loss attributable to noncontrolling interest Net income attributable to Macy's, Inc. shareholders Basic earnings per share attributable to Macy's, Inc. shareholders Diluted earnings per share attributable to Macy's, Inc. shareholders (15,181) (8,954) 544 (186) 1,864 57 (105) (321) 10 11 1,516 39 1.555 (261) (33) 25 1.420 (322) 1.098 10 1,108 S 965 (346) 619 8 627 1,566 s 3.60 $ 5.13 $ 2.03 s 3.56 $ 5.10 $ 2.02 MACY'S, INC. CONSOLIDATED BALANCE SHEETS (millions) February 2, 2019 February 3, 2018 1.162 $ 400 5,263 620 7,445 6,637 3,908 478 726 19,194 $ 1,455 363 5,178 650 7,646 6,672 3,897 488 880 19,583 ASSETS Current Assets: Cash and cash equivalents Receivables Merchandise inventories Prepaid expenses and other current assets Total Current Assets Property and Equipment - net. Goodwill Other Intangible Assets net. Other Assets Total Assets. LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Short-term debt Merchandise accounts payable Accounts payable and accrued liabilities. Income taxes Total Current Liabilities Long-Term Debt. Deferred Income Taxes Other Liabilities Shareholders' Equity: Common stock (307.5 and 304.8 shares outstanding). Additional paid-in capital Accumulated equity Treasury stock Accumulated other comprehensive loss Total Macy's, Inc. Shareholders' Equity. Noncontrolling interest Total Shareholders' Equity Total Liabilities and Shareholders' Equity 43 $ 1,655 3,366 168 5,232 4,708 1,238 1,580 22 1,590 3,271 296 5.179 5,861 1.148 1,662 3 652 8,050 (1,318) (951) 6,436 3 676 7.246 (1.456) (724) 5,745 (12) 5,733 19,583 6,436 19,194 $