Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The numeric accounting equation for macys at the end of the year? MACY'S, INC. CONSOLIDATED STATEMENTS OF INCOME (millions, except per share data) 2018 2019

image text in transcribed

The numeric accounting equation for macys at the end of the year?

MACY'S, INC. CONSOLIDATED STATEMENTS OF INCOME (millions, except per share data) 2018 2019 24,560 771 S Net sales Credit card revenues, net $ 24,971 768 2017 24,939 702 (15,171 ) (8,998) (354) 970 31 Cost of sales Selling, general and administrative expenses Gains on sale of real estate Restructuring, impaiment, store closing and other costs Operating income Benefit plan income, net Settlement charges Interest expense Gains (losses) on early retirement of debt Interest income Income before income taxes Federal, state and local income tax benefit (expense) Net income Net loss attributable to noncontrolling interest Net income attributable to Macy's, Inc. shareholders Basic earnings per share attributable to Macy's, Inc. shareholders Diluted earnings per share attributable to Macy's, Inc. shareholders (58) (205) (30) 20 (15,215) (9.039) 389 (136) 1.738 39 (88) (261) (33) 25 1,420 (322) 1,098 10 1,108 (15,181) (8.954) 544 (186) 1,864 57 (105) (321) 10 11 1,516 39 1.555 11 1,566 728 (164) 564 s 564 S $ $ 1.82 S 3.60 $ 5.13 s 1.81 S 3.56 $ 5.10 The accompanying notes are an integral part of these Consolidated Financial Statements. F-6

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Knowledge Assets And Knowledge Audits Working Methods For Knowledge Management

Authors: Pawan Handa, Jean Pagani, Denise Bedford

1st Edition

1789737745, 978-1789737745

More Books

Students also viewed these Accounting questions