What is Macy debt to equity ratio for the year ended

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Reference no: EM133046108

Problem - The following is a portion of the balance sheets of Macy's, Inc. for the years ended January 28, 2017 and January 30, 2016:

 

January 28, 2017

January 30, 2016

(Millions)

LIABILITIES AND SHAREHOLDERS' EQUITY

 

 

Current Liabilities:

 

 

Short-term debt

$309

$642

Merchandise accounts payable

1,423

1,526

Accounts payable and accrued liabilities

3,563

3,333

Income taxes

352

227

Total Current Liabilities

5,647

5,728

Long-Term debt

6,562

6,995

Deferred Income Taxes

1,443

1,477

Other Liabilities

1,877

2,123

Shareholders' Equity

 

 

Common stock (310.3 and 340.6 shares outstanding)

3

3

Additional paid-in capital

617

621

Accumulated equity

6,088

6,334

Treasury stock

(1,489)

(1,665)

Accumulated other comprehensive loss

(896)

(1,043)

Total Macy's, Inc. Shareholders' Equity

4,323

4,250

Non-controlling interest

(1)

3

Total Shareholders' Equity

4,322

4,253

Total Liabilities and Shareholders' Equity

$19,851

$20,576

Required -

1. What is Macy's debt to equity ratio for the year ended January 28, 2017?

2-a. What would be Macy's debt to equity ratio if we excluded deferred tax liabilities from its calculation?

2-b. What would be the percentage change?

Reference no: EM133046108

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