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Required information [ The following information applies to the questions displayed below. ] The following is a portion of the balance sheets of Macy's, Incorporated,
Required information The following information applies to the questions displayed below. The following is a portion of the balance sheets of Macy's, Incorporated, for the years ended February and February : Required: What is Macy's debt to equity ratio for the year ended February Note: Round your answer to decimal places. a What would be Macy's debt to equity ratio if we excluded longterm net deferred tax liabilities from its calculation? Note: Round your answer to decimal places. b What would be the percentage change? Note: Round your answer to the nearest whole percent. Answer is complete but not entirely correct. The following is a portion of the balance sheets of Macy's, Incorporated, for the years ended February and February : February February Millions Liabilities and Shareholders Equity Current Liabilities: Shortterm debt $ $ Merchandise accounts payable Accounts payable and accrued liabilities Income taxes Total Current Liabilities LongTerm debt LongTerm Lease Liabilities Deferred Income Taxes Other Liabilities Shareholders Equity: Common stock Additional paidin capital Accumulated equity Treasury stock Accumulated other comprehensive loss Total Shareholders Equity Total Liabilities and Shareholders Equity $ $ Required: What is Macy's debt to equity ratio for the year ended February Note: Round your answer to decimal places. a What would be Macys debt to equity ratio if we excluded longterm net deferred tax liabilities from its calculation? Note: Round your answer to decimal places. b What would be the percentage change? Note: Round your answer to the nearest whole percent.
Required information
The following information applies to the questions displayed below.
The following is a portion of the balance sheets of Macy's, Incorporated, for the years ended February and
February :
Required:
What is Macy's debt to equity ratio for the year ended February
Note: Round your answer to decimal places.
a What would be Macy's debt to equity ratio if we excluded longterm net deferred tax liabilities from its calculation?
Note: Round your answer to decimal places.
b What would be the percentage change?
Note: Round your answer to the nearest whole percent.
Answer is complete but not entirely correct.
The following is a portion of the balance sheets of Macy's, Incorporated, for the years ended February and February :
February February
Millions
Liabilities and Shareholders Equity
Current Liabilities:
Shortterm debt $ $
Merchandise accounts payable
Accounts payable and accrued liabilities
Income taxes
Total Current Liabilities
LongTerm debt
LongTerm Lease Liabilities
Deferred Income Taxes
Other Liabilities
Shareholders Equity:
Common stock
Additional paidin capital
Accumulated equity
Treasury stock
Accumulated other comprehensive loss
Total Shareholders Equity
Total Liabilities and Shareholders Equity $ $
Required:
What is Macy's debt to equity ratio for the year ended February
Note: Round your answer to decimal places.
a What would be Macys debt to equity ratio if we excluded longterm net deferred tax liabilities from its calculation?
Note: Round your answer to decimal places.
b What would be the percentage change?
Note: Round your answer to the nearest whole percent.
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