Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
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
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)
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?
The management of the entity estimated that this recall would cost P870,000. What accounting recognition should be accorded this situation?
If Cuisine's accounting period ends on December 31, how much interest revenue should Cuisine recognize during 2016 and 2017?
How much can be claimed as a deduction for the income year ended at 30 June 2017, 2018 and 2019 respectively? You are required to show all the working.
Calculate the net present value for the project. The grill is expected to produce 550,000 tacos per year for the next 6 years, with each costing $3.50
Flip Company at the end of the fiscal 2014 year has the following information: Credit Sales, $2,500,000 Sales Returns & Allowances $25,000 Accounts Receivable $200,000 and Allowance for Doubtful Accounts with a debit o $1,500. Prepare the general jou..
Kathy is 60 years of age and self-employed. What is the maximum amount she can contribute to an individual 401(k) for 2018?
Other data related to the benefit plan for the year ended 31 March 2020 are shown below: Service cost $300,000. Determine the fair value of plan assets of GE
Megan bought 200 shares of stock at a price of $10 a share. What is Megan return on investor equity for this investment
Columbia healthcare service is a nonprofit organization. They have revenues of 22 million in 2014. In addition, they had personnel cost of 15.6 million, supplies of 1.4 million and depreciation of 1.2 million. All but 3 million of their revenue was r..
What is your hospital's cost of carrying receivables at 10% interest annually? Suppose your projected average daily reimbursement is $100,000
Emily Enterprises' comparative balance sheets included accounts receivable of $224,600 at December 31, 2013, and $205,700 at December 31, 2014. Sales reported on Emily's 2014 income statement amounted to $2,250,000.
Based on these numbers, calculate Sandy's 2021 estimated semi-monthly automobile non-cash taxable benefit
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd