EDGAR, the electronic data gathering analysis, and retrieval system, performs automated collection, validation, indexing, acceptance and forwarding of submissions by companies and others who are required by law to file forms with the U.S Securities and exchange commission (SEC). all publicly traded domestic companies use Edgar to make the majority of their filings. (some foreign companies do so voluntarily) from 10-k including the annual report, is required to be filed on EDGAR. The sec makes this information available on the internet.

1. Access EDGAR on the internet at www.sec.govor from investor relations at the Macys INC. search for Macys access its 10-k filing for the year ended January 30,2017. Search or scroll to find the financial statements and related notes. What is the total debt reported in the balance sheet in the most recent two years?

ANSWER:

Total Debt	2017	2016
Total Current Liabilities	$5,647	$5,728
Long Term Debt	$6,562	$6,995
Deferred Income Taxes	$1,443	$1,477
Other Liabilities	$1,877	$2,123
Total	$15,529	$16,323

According to the figures that are above, it looks like there has been a decrease in total debt. Macys had a decrease from 2016 being at $16,323 to 2017 being at $15,529 making it a -4.9%.

Debt Percentage= (15,529/$16,323) *100= 95.1

= 95.1-100= -4.9%

2. Compare the total liabilities with the shareholders equity and calculate the debt to equity ratio for the most recent two years.

ANSWER:

Formula: Debt to equity Ratio= (Total Debt/Shareholders Equity)

2017: Debt to equity Ratio = ($15,529/$4,322) =3.59

2016:Debt to equity Ratio = ($16,323/$4,253) =3.84

3. Does Macys obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing or decreasing over the next three years?

ANSWER:

4. Does Macys classify any short-term debt as long-term?

ANSWER:

Condensed Consolidating Balance Sheet As of January 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated $ 938 $ $ $ $ - - - 81 169 2,565 84 2,899 3,397 3,315 - 938 - 278 353 2,834 324 3,789 3,620 582 447 766 2,428 - 1,297 522 5,399 408 7.626 7,017 3,897 498 813 - - - - 51 47 - 26 375 3,1373 4,476 $ (26) (2,803) (6,677) 9,506) $ ,540 13,249 $ $ 11,632 $ 19,851 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 Deferred Income Taxes Intercompany Receivable Investment in Subsidiaries 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 Intercompany Payable Deferred Income Taxes Other Liabilities Shareholders' Equity: Macy's, Inc. Noncontrolling Interest Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ - $ $ $ $ - - 15 - 306 590 1,064 16 1,976 6,544 2,803 688 500 71 3 833 2,484 265 3,585 18 - 781 1,311 309 1,423 3,563 352 5,647 6,562 (2,803) (26) 1,443 1,877 66 4,323 (6,677) 738 - 738 5,939 (1) 5,938 4,323 (1) 4,322 4,323 (6,677) $ 4,475 $ 13,249 $ 11,633 $ (9,506) $ 19,851 MACY'S, INC. Condensed Consolidating Balance Sheet As of January 30, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated $ $ $ - $ 741 - - - 44 1,109 558 5,506 479 (44) 785 91 $ 277 217341 2,702 2,804 135 344 - 3.145 3.766 3,925 3,691 3,315 462 154 743 - - - 3,800 3,804 14,395 $ 13,044 7,652 7,616 3,897 514 582 - - 52 897 (14) (3.800) (8,529) (12,387) 4,725 5,524 $ $ $ $ 20,576 ASSETS: Current Assets: Cash and cash equivalents Receivables Merchandise inventories Prepaid expenses and other current assets Income taxes Total Current Assets Property and Equipment-net Goodwill Other Intangible Assets - net Other Assets Deferred Income Taxes Intercompany Receivable Investment in Subsidiaries 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 Intercompany Payable Deferred Income Taxes Other Liabilities Shareholders' Equity Macy's, Inc. Noncontrolling Interest Total Shareholders' Equity Total Liabilities and Shareholders' Equity - $ $ $ - $ 641 667 1,439 859 35 1.859 642 1,526 3,333 227 5,728 6.995 41 230 2.949 10 1,218 2,788 6,976 2,582 693 558 (3.800) (14) 21 798 1,544 1,477 2,123 4,250 798 7,731 (8,529) 4,250 3 4.253 4,250 798 7,734 (8,529) $ 5,524 $ 14,395 $ 13,044 $ (12,387) $ 20,576 Condensed Consolidating Balance Sheet As of January 28, 2017 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated $ 938 $ $ $ $ - - - 81 169 2,565 84 2,899 3,397 3,315 - 938 - 278 353 2,834 324 3,789 3,620 582 447 766 2,428 - 1,297 522 5,399 408 7.626 7,017 3,897 498 813 - - - - 51 47 - 26 375 3,1373 4,476 $ (26) (2,803) (6,677) 9,506) $ ,540 13,249 $ $ 11,632 $ 19,851 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 Deferred Income Taxes Intercompany Receivable Investment in Subsidiaries 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 Intercompany Payable Deferred Income Taxes Other Liabilities Shareholders' Equity: Macy's, Inc. Noncontrolling Interest Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ - $ $ $ $ - - 15 - 306 590 1,064 16 1,976 6,544 2,803 688 500 71 3 833 2,484 265 3,585 18 - 781 1,311 309 1,423 3,563 352 5,647 6,562 (2,803) (26) 1,443 1,877 66 4,323 (6,677) 738 - 738 5,939 (1) 5,938 4,323 (1) 4,322 4,323 (6,677) $ 4,475 $ 13,249 $ 11,633 $ (9,506) $ 19,851 MACY'S, INC. Condensed Consolidating Balance Sheet As of January 30, 2016 (millions) Parent Subsidiary Issuer Other Subsidiaries Consolidating Adjustments Consolidated $ $ $ - $ 741 - - - 44 1,109 558 5,506 479 (44) 785 91 $ 277 217341 2,702 2,804 135 344 - 3.145 3.766 3,925 3,691 3,315 462 154 743 - - - 3,800 3,804 14,395 $ 13,044 7,652 7,616 3,897 514 582 - - 52 897 (14) (3.800) (8,529) (12,387) 4,725 5,524 $ $ $ $ 20,576 ASSETS: Current Assets: Cash and cash equivalents Receivables Merchandise inventories Prepaid expenses and other current assets Income taxes Total Current Assets Property and Equipment-net Goodwill Other Intangible Assets - net Other Assets Deferred Income Taxes Intercompany Receivable Investment in Subsidiaries 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 Intercompany Payable Deferred Income Taxes Other Liabilities Shareholders' Equity Macy's, Inc. Noncontrolling Interest Total Shareholders' Equity Total Liabilities and Shareholders' Equity - $ $ $ - $ 641 667 1,439 859 35 1.859 642 1,526 3,333 227 5,728 6.995 41 230 2.949 10 1,218 2,788 6,976 2,582 693 558 (3.800) (14) 21 798 1,544 1,477 2,123 4,250 798 7,731 (8,529) 4,250 3 4.253 4,250 798 7,734 (8,529) $ 5,524 $ 14,395 $ 13,044 $ (12,387) $ 20,576