Perform a ratio analysis:

Also, here's the link to the source of the financial statements:
http://ir.jcpenney.com/phoenix.zhtml?c=70528&p=irol-sec
Ratio	Comment		Formula		Answer
EPS	Stop! You don't need to compute
	this because every company is
	required to publish it on their
	income statement.
Price-earnings ratio	Google the company's price	=		=
	on the date you compute these
	ratios.
Dividend payout ratio	Dividends may be found in the	=		=
	footnotes in the Annual Report/
	10k, or Google them for the year.
Dividend yield ratio		=		=
Return on total assets	The tax rate may be approximated	=		=
	by dividing the total tax expense by
	the income before taxes.
	Average assets = (total assets from last
	year's balance sheet + total assets from this
	year's balance sheet)/2.
Return on stockholders' equity	Average equity = (total equity from last	=		=
	year's balance sheet + total equity from this
	year's balance sheet)/2.
Working capital		=		=
Current ratio		=		=
Acid test ratio		=		=
A/R turnover	Average A/R = (A/R from last	=		=
	year's balance sheet +A/R from this
	year's balance sheet)/2.
Inventory turnover	Average inventory= (inventory from last	=		=
	year's balance sheet +inventory from this
	year's balance sheet)/2.
Times interest earned		=		=
Debt to equity		=		=