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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

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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.) Form 10-K, including the annual report, is required to be filed on EDGAR. The SEC makes this information available on the internet. Required: 1. Access EDGAR on the Internet at www secgov or from Investor Relations at the Macy's, Inc. (wwow.macy5 com). Search for Macy's: Access its 10K filing for the year ended January 30, 2017. Search or scroll to find the financial statements and related notes. What is the total debt (including current liablities and deferted taxes) reported in the balance sheet in the most recent two years? 2. Compare the total liablities (including current liabilities and deferred taxes) with the shareholders' equity and calculate the debt to equity ratio for the most recent two years: 3. Does Macy's obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing or decreasing over the next three years? 4. Does Macy's classify any short-term debt as long-term? 5. Note 6: Financing includes the following statement: "On November 18, 2014, the Company issued \$550 milion aggregate principal amount of 4.5% senior notes due 2034. This debt was used to pay for the redemption of the $407 million of 7.875% senior notes due 2015 described above." Under some circumstances, Macy's could have reported the amounts due in 2015 as long-term debt at the end of the previous year even though these amounts were due within the coming yeat. Obtain the relevant authoritative literature on classification of debt expected to be financed using the FASB Accounting Standards Codification. You might gain access from the FASB website (www.fasb.org), from your school library, of some other source. Determine the criteria for reporting currently payable debt as long-term. What is the specific nine-digit Codification citation (XXXXXXXXX) that Macy's would rely on in applying that accounting treatment? Complete this question by entering your answers in the tabs below. What is the total debt (including current liabilities and deferred taxes) reported in the balance sheet in the most recent two years? Complete this question by entering your answers in the tabs below. Compare the total liabilities (including current liabilities and deferred taxes) with the shareholders' equity and calculate the debt to equity ratio for the most recent two years. (Round your answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Does Macy's obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing or decreasing over the next three years? Complete this question by entering your answers in the tabs below. Does Macy's classify any short-term debt as long-term? Complete this question by entering your answers in the tabs below. Determine the criteria for reporting currently payable debt as long-term. What is the specific nine-digit Codification citation (XXXXXXXXX) that Macy's would rely on in applying that accounting treatment

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