Look at these charts below. Analyze the trend of the ratios from 2010 to 2021. For example, if gross margin ratio decreased in recent years, is this consistent with the industry/competitors' ratio? Based on the above horizontal and vertical analysis, explain clearly and in detail the observed trends in Macy's financial ratios in relation to the industry/competitors' ratios. Explain clearly and in detail why Macy's ratios are consistent or inconsistent with the industry/competitors' ratios. Please write in each paragraph specifically

1. Macys