Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 07, 2024

I am trying to analyze Macy's 2 0 2 2 performance. What is the working capital for Macys in 2 0 2 2 ? The

I am trying to analyze Macy's

2022

performance. What is the working capital for Macys in

2022 ?

The way i did it was

6, 758, 000 - 5, 416, 000 = 1, 342, 000

is this correct

?

If not please explain where i went wrong. Thank you

!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

3rd Canadian edition

978-1118727737, 1118727738, 978-1118033890

More Books

Students also viewed these Accounting questions

Question

★★★★★

Here is the selected comparative statement data for the Clapton Guitar Company. All balance sheet data is as of December 31st. A. What is the profit margin ratio for 2004? (5 pts) B. Calculate the...

Answered: 1 week ago

Question

★★★★★

Determine whether the applicant will fit well with the organization and other employees. P-9687

Answered: 1 week ago

Question

★★★★★

2. Use centering practices such as self-talk, deep breathing, or mindful movement to diffuse or prevent emotional outbursts.

Answered: 1 week ago

Question

★★★★★

The following data are for Ernst Company. Note: All inventory is purchased on account, and Accounts Payable relates only to the purchase of inventory. Instructions: Compute the following: 1. The...

Answered: 1 week ago

Question

★★★★★

Scientific Frontiers Corporation manufactures scientific equipment for use in elementary schools in December of 20w the company's management is considering the acquisition of robotic equipment, which...

Answered: 1 week ago

Question

★★★★★

Blazer Chemical produces and sells an ice-melting granular used on roadways and sidewalks in winter. It annually produces and sells 22,875 tons of its granular. Because of this year's mild winter,...

Answered: 1 week ago

Question

★★★★★

Determine the price of a $1.6 million bond issue under each of the following independent assumptions: 1. Maturity 10 years, interest paid annually, stated rate 8%, effective (market) rate 10%. 2....

Answered: 1 week ago

Question

★★★★★

UMPI's Potatoes produces ready-to-eat mashed potatoes for resale at food stores. UMPI expected to use 0.40 direct labor hours to produce one unit (batch) of product at a cost of $7.50 per hour....

Answered: 1 week ago

Question

★★★★★

Rather than mention the minimum effort he had put into the assignment Jeremy told his manager that he had lost the client because it was the wrong time of the year to ask for new business Jeremy...

Answered: 1 week ago

Question

★★★★★

Determine the number of arrangements of the letters of the word FLIBBERTIGIBBET such that there is exactly one vowel (and any number of consonants) between the first and second B, exactly one vowel...

Answered: 1 week ago

Question

★★★★★

Amina discovers it's very unlikely that an Angel Investor will notice a business from afar and reach out themselves. Finding this kind of investor is all about being proactive. But what is the best...

Answered: 1 week ago

Question

★★★★★

You are a consultant working with a global consumer electronics company called "Techtronics." Techtronics has recently formulated a new strategic direction to expand its market share in emerging...

Answered: 1 week ago

Question

★★★★★

What kinds of organizations must consider disaster preparedness?

Answered: 1 week ago

Question

★★★★★

What are some impediments faced by communities wishing to perform hazard mitigation?

Answered: 1 week ago

Question

★★★★★

Do nonfederal mitigation programs exist?

Answered: 1 week ago

Previous Question Next Question