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What is going on in this problem? How come my percentages aren't adding to 100% for each column? How do I calculate the pecentages for
What is going on in this problem? How come my percentages aren't adding to 100% for each column? How do I calculate the pecentages for current assets, net fixed assets, intangible and other noncurrent assets, current liabilities, long-term liabilities, common stock, additional paid in capital, retained earnings, and other equity components properly?
MACY'S, INC. CONSOLIDATED BALANCE SHEETS (millions) February 2, 2019 February 3, 2018 1,162 S 400 5,263 1,455 363 5,178 620 650 7,445 6,637 3,908 478 726 19,194 7,646 6,672 3,897 488 880 S S 19,583 ASSETS Current Assets: Cash and cash equivalents ......... Receivables........................... Merchandise inventories.................. Prepaid expenses and other current assets.. Total Current Assets ............. Property and Equipment - net........... Goodwill........................................ Other Intangible Assets - net.......... Other Assets Total Assets. LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Short-term debt. Merchandise accounts payable ............. Accounts payable and accrued liabilities..... Income taxes.. Total Current Liabilities....... Long-Term Debt....... ...... Deferred Income Taxes...................... Other Liabilities .. ........ Shareholders' Equity: Common stock (307.5 and 304.8 shares outstanding).... Additional paid-in capital. Accumulated equity. Treasury stock............... Accumulated other comprehensive loss.............. Total Macy's, Inc. Shareholders' Equity................ Noncontrolling interest...................... Total Shareholders' Equity..................... Total Liabilities and Shareholders' Equity ...... 43 S 1,655 3,366 168 5,232 4,708 1,238 1.580 22 1,590 3,271 296 5,179 5,861 1,148 1,662 3 652 8,050 (1,318) (951) 6,436 676 7,246 (1,456) (724) 5,745 (12) 6,436 19,194 5,733 19,583 S The accompanying notes are an integral part of these Consolidated Financial Statements. Chapter 3: Balance Sheet-Question 13 Prepare a common-sized balance sheet (expressed in percentages) using the following account groups shown in your selected company's balance sheet. Increase or Decrease Account Group Current Prior Year Year Current Assets 0.25 Net Fixed Assets Intangible and Other Noncurrent Assets (1.445/19,1907.64619.58 4) x 100%-13) x 100% 38.759 39.00% 16537719.19 (6,672/19.58 4) x 100% - 3) x 100%- 34.58% 34.07% (11.749/19,1 (11.937/19.5 94) x 100%-18) 100% 61.21% 50.96% 100% 100% (5.232/19,19 (5.179/19.58 4) x 100% -1 3 ) x 100% 27.25% 26.46% (7,526/19,19 (8,671/19,58 4) x 100% - 3) x 100%- 39.21% (3/19,194) (3/19,583) 100% 100% Total Assets Current Liabilities Long-term Liabilities Common Stock For use by Professor Kenton Foutty students. 0156% 015391 Additional Paid in Capital (652/19,194) (676/19 583) 100% 100% 3.396 3.452% 18.050 19.190 246 19.58 4x 100% - 3) x 100% 41.90 37.00% Retained Famings Other Equity Components 12.259/19.19 4) x 100% - 11.82% 12.180/19.58 3) 100% 11.132% Total Liabilities and Stockholders EquityStep by Step Solution
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