The Company is Macy's Inc. Case Study: Historical Financial Analysis Assignment paper must include:$\backslash$table$[[\backslash$table$[[$Consolidated Statements of$],[$Operations $-$ USD $($$$)],[$$ in Millions$]],12$ Months Ended$],[$Jan$.28,2023,$Jan. $29,2022,$Jan. $30,2021],[$Income Statement $[$Abstract$]],[$Net sales,$$24,442,$$$24,460,$$$17,346$

$1.$ Historical Financial Statements $($Income Statement, Balance Sheet and Statement of Cash Flows$)$ from the $3$ most current years for the firm. These should be downloaded from the SEC website. The financial statements must include horizontal $($shown between the years$)$ and vertical analysis $($shown to the right of the last year of historical data$).$

$2.$ Ratio analysis for the ratios shown on Table $1$ in the Guide to Case Analysis $($CA$)$ of the textbook:

a$.$ Profitability ratios

b$.$ Liquidity ratios

c$.$ Leverage ratios

d$.$ Activity ratios

e$.$ Price$-$to$-$earnings ratio

f$.$ The changes between years are included in the calculations.

$3.$ Competitor ratios to compare with the ratios that were calculated in item $2.$ These

should be included on the same tab as the ratio analysis for the firm.

$4.$ Financial analysis should include comparisons to the firm$$s main competitor as well as to the industry. How does the financial position of the firm influence the strategic direction of the company?