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The following is a portion of the balance sheets of Macy's, Incorporated, for the years ended February 1 , 2 0 2 0 , and
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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