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this is not answered. E11-20. MACY'S Forecasted Income Statement (5 millions) 2013 Assumptions 2014 Est. Net sales. $ 27.686 27.686 X 1.05 $ 29.070 Cost

this is not answered. E11-20. MACY'S Forecasted Income Statement (5 millions) 2013 Assumptions 2014 Est. Net sales. $ 27.686 27.686 X 1.05 $ 29.070 Cost of sales. 16.538 29.070 59.7% 17,355 Gross marg...

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