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Prev 1237 of 13 Next Consolidated Balance Sheets for Macy's Inc., Feb. 03, 2018-Feb. 02, 2019 (in millions, except per \begin{tabular}{|l|c|c} \hline \\ share data) & February 2,2019 & February 3, 2018 \\ \hline ASSETS & & \\ \hline Current Assets & $1,162 & $1,445 \\ \hline Cash and Cash Equivalents & 400 & 363 \\ \hline Receivables & 5,263 & 5,178 \\ \hline Merchandise Inventories & 620 & 650 \\ \hline Prepaid Expenses and Other Current Assets & $7,445 & $7,646 \\ \hline Total Current Assets & 6,637 & 6,672 \\ \hline Property and Equipment-Net & 3,908 & 3,897 \\ \hline Goodwill & 478 & 488 \\ \hline Other Intangible Assets-Net & 726 & 880 \\ \hline Other Assets & 19,194 & 19,583 \\ \hline Total Assets & & \\ \hline & & \\ \hline LIABILITIES AND SHAREHOLDER EQUITY & & \\ \hline Current Liabilities & $43 & $22 \\ \hline Short-Term Debt & 1,655 & 1,590 \\ \hline Merchandise Accounts Payable & 3,366 & 3,271 \\ \hline Accounts Payable and Accrued Liabilities & 168 & 296 \\ \hline Income Taxes & 5,232 & 5,179 \\ \hline Total Current Liabilities & 4,708 & 5,861 \\ \hline Long-Term Debt & 1,238 & 1,148 \\ \hline Deferred Income Taxes & 1,580 & 1,662 \\ \hline Other Liabilities & & \\ \hline Shareholders' Equity: & & \\ \hline \end{tabular} Using the formulas in the Appendix and Macy's Inc., financial statements below, calculate the following measures of financial performance. Be sure to report items (a) through C in percentages (i.e., multiply your result 100 and round to the nearest +/0.1% a. Gross profit margin. b. Operating profit margin. c. Net profit margin. d. Return on shareholders' equity. e. Net Return on assets. f. Times-interest-earned (or coverage) ratio. g. Debt-to-equity ratio. h. Days of inventory. i. Inventory turnover ratio. j. Average collection period. \begin{tabular}{|l|l|r|r|} \hline & Ratios & 2019 & 2018 \\ \hline a. & Gross profit margin (\%) & 39.0 & 39.1 \\ \hline b. & Operating profit margin (\%) & & \\ \hline c. & Net profit margin (\%) & & \\ \hline d. & Return on shareholders' equity (\%) & & \\ \hline e. & Return on assets (\%) & & \\ \hline f. & Times interest earned coverage & & \\ \hline g. & Debt-to-Equity Ratio & & \\ \hline h. & Days of Inventory & & \\ \hline i. & Inventory Turnover Ratio & & \\ \hline j. & Average collection period & & \\ \hline \end{tabular}