Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need 18-24 questions answered MACY'S, INC CONSOLIDATED BALANCE SHEETS (millions) JA 02021 February 1, 2020 ASSETS Current Assets Cash and cash equivalente Receivables Merchandise

I need 18-24 questions answered
image text in transcribed
image text in transcribed
image text in transcribed
MACY'S, INC CONSOLIDATED BALANCE SHEETS (millions) JA 02021 February 1, 2020 ASSETS Current Assets Cash and cash equivalente Receivables Merchandise inventories Prepaid expenses and other current met Total Current Assets Property and Equipment-net Right of Use Assets Goodwill Other Intangible Asset Other Assets Total Assets LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Short-term debt Merchandise accounts payable Accounts ovable and accredibilities t 71 / 114 1,6795 276 3,774 455 6,184 5.940 2,878 828 437 1,439 17.7065 409 5.188 $28 6,810 6,633 2,668 3,906 439 714 21.172 539 4525 1.978 2.927 1.682 1.448 + w Op @ 143 17,706 21,172 $ 452 1.978 2,927 twight/de/content/GOSAS ViewContent/37636/View viner ASSES 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 Long-Term Lease Liabilities Deferred Income Taxes Other Liabilities Shareholders' Equity Common stock (310.5 and 309.0 shares outstanding) Additional paid-in capital Accumulated equity Treasury stock Accumulated other comprehensive low Total Shareholders' Equity Total Liabilities and Shareholders' Equity 5,357 4,407 3,185 908 1,296 539 1.682 3.448 81 3,750 3,621 2,918 1.169 1.337 571 3,928 (1.161) (788) 2.553 17,706 3 621 7,989 (1.241) (995 6,377 21.172 The accompanying notes are an integral part of these Consolidated Financial Statements, + 00 71 / 1143 po o w hp e M Balance Sheet (Consolidated Balance Sheets): 18) How much cash and cash equivalents did the company have at the end of the current year? 19) By how much did cash increase or decrease from the prior year? 20) Compute the working capital at the current year-end. Provide the calculation. 21) Compute the current ratio at the current year-end. Round to two decimal places and provide the calculation 22) Will the company be able to pay its current liabilities? Explain. 23) Compute the company's inventory turnover for Fiscal 2020. Provide the calculation and round to two decimal places. Note: "Cost of sales"-Cost of good sold. 24) Compute the debt-to-equity ratio at the end of Fiscal 2020. Provide the calculation and round to two decimal places. Note: You will have to calculate total liabilities. Statement of Cash Flows (Consolidated Statement of Cash Flows): Which activity (operating investing, or financing) provided the most cash flow in 2020? What was the amount Welctivity operating investing, or financing) used the most cash flow in 2020? What was t. 2. 13 oft Edge hip

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

The Impact Of Globalization On International Finance And Accounting

Authors: David Procházka

1st Edition

3319687611, 9783319687612

More Books

Students also viewed these Accounting questions