Analyzing, Forecasting and Interpreting Both Income Statement and Balance Sheet

Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and balance sheets of Macy's, Inc. Forecast Macy's fiscal 2014 income statement using the following relations. nstructions: Round all answers to the nearest whole number. Do not use negative signs with any of your answers. Remember to use rounded forecasted net sales for subsequent calculations. Forecast Macy's fiscal 2014 balance sheet using the following relations ($ in millions). Assume that all capital expenditures are purchases of property and equipment. Instructions: Round all answers to the nearest whole number. Do not use negative signs with any of your answers. Remember to use rounded forecasted net sales for subsequent calculations. Hint: Short-term debt includes current payments required for long-term debt