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Morningstar provides the following information for Macys for the fiscal year ending January 28th, 2017: Net Income is $679 million, Total Assets is $19,851 million,

Morningstar provides the following information for Macys for the fiscal year ending January 28th, 2017: Net Income is $679 million, Total Assets is $19,851 million, Shareholders equity is $4,323 million, and Dividends is $461 million. Calculate the internal growth rate (IGR) and sustainable growth rate (SGR) for Macys? What is the difference between these two growth rates? As a consultant what recommendations would you give to the CEO of Macys to increase their growth rates?

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