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Can someone help me with some of this? This is part of my final project for accounting and I am feeling so lost and overwhelmed.
Can someone help me with some of this? This is part of my final project for accounting and I am feeling so lost and overwhelmed. I'm specifically looking for help on number 7. Thanks in advance.
Consolidated Balance Sheets Consolidated Balance Sheets - USD ($) Feb. 01, 2020 Feb. 02, 2019 $ in Millions Current Assets: Cash and cash equivalents $ 685 $ 1.162 Receivables 409 400 Merchandise Inventories 5,188 5.263 Prepaid expenses and other current assets 528 620 Total Current Assets 6,810 7,445 Property and Equipment - net 6,633 6,637 Total Right of Use Asset 2,668 Goodwill 3,908 3,908 Other Intangible Assets - net 439 478 Other Assets 714 726 Total Assets 21,172 19,194 Current Liabilities: Short-term debt 539 43 Merchandise accounts payable 1,682 1,655 Accounts payable and accrued liabilities 3,448 3,366 Income taxes 81 168 Total Current Liabilities 5,750 5,232 Long-Term Debt 3,621 4,708 Noncurrent Lease Liability 2,918 Deferred Income Taxes 1,169 1,238 Other Liabilities 1,337 1,580 Shareholders' Equity: Common stock (309.0 and 307.5 shares outstanding) 3 Additional paid-in capital 621 Accumulated equity 7,989 8,050 Treasury stock (1,241) (1,318) Accumulated other comprehensive loss (995) (951) Total Macy's, Inc. Shareholders' Equity 6.377 6.436 Noncontrolling interest Total Shareholders' Equity 6,377 6,436 Total Liabilities and Shareholders' Equity $ 21,172 $ 19,194 652 0 3. Summarize (no more than one page) the comments made in the introductory sections given by the President, CEO, etc. BE SURE TO SUMMARIZE IN YOUR OWN WORDS. DO NOT USE THE WORDS GIVEN IN THE REPORT. I will take off points if it is copied from the annual report. 4. What kinds of shares of stock do they have? 5. What has been their pattern of paying dividends? 6. Do a vertical analysis on the income statement and the balance sheet for all of the years they give you and show the computations somewhere in your report. 7. Compute the following ratios for as many years as you can and show the calculations somewhere in your report (can be in an appendix). If it calls for you to use an average, compute the ratio only for the years for which you have enough data to calculate an average. a. Current Ratio b. Accounts Receivable Turnover c. Inventory Turnover d. Profit Margin e. Return on Assets f. Debt to Equity g. Cash Flow YieldStep by Step Solution
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