Question
From Investor Relations at the Macy's, Incorporated, (www.macys.com) website, access the company's 10-K filing for the year ended February 1, 2020. Search or scroll to
From Investor Relations at the Macy's, Incorporated, (www.macys.com) website, access the company's 10-K filing for the year ended February 1, 2020. Search or scroll to find the financial statements and related notes.
1. What is the total debt (including current liabilities and deferred taxes) reported in the balance sheet in the most recent two years?
2. 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.
3. & 4. Does Macy's obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing, decreasing, or exhibiting no discernable pattern over the next five years?
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
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