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Macy's, Incorporated, operates the two best-known high-end department store chains in North America: Macy's and Bloomingdale's. The following simplified data (in millions) were taken from
Macy's, Incorporated, operates the two best-known high-end department store chains in North America: Macy's and Bloomingdale's. The following simplified data (in millions) were taken from its recent annual report for the year ended February 1 : Required: Prepare a complete classified (multiple-step) consolidated statement of income. (showing gross margin, operating income, and income before income taxes). Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10)
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