Question
Profitability Metrics Macy's, Inc. (M), sells merchandise through company-owned retail stores and an Internet website. Recent financial information for Macy's is provided below (all numbers
Profitability Metrics Macy's, Inc. (M), sells merchandise through company-owned retail stores and an Internet website. Recent financial information for Macy's is provided below (all numbers in millions). Net income Interest expense Total assets Year 3 Year 2 Year 3 Year 2 % c. For Macy's, the % Year 3 % $1,536 % 321 Year 3 Total stockholders' equity 5,661 Assume the apparel industry's average return on total assets is 10.3%, and the average return on stockholders' equity is 33.3% for Year 3. a. Determine the return on total assets for Macy's for Years 2 and 3. Round your percentage answers to one decimal place. $19381 Year 2 $611 367 Year 2 $19,851 b. Determine the return on stockholders' equity for Macy's for Years 2 and 3. Round your percentage answers to one decimal place. 4,322 Year 1 $20,516 exceeds the 4,253 due to the
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