Question

Macy’s, Inc., sells merchandise through company-owned retail stores and Internet Web sites. Recent financial information for Macy’s is provided below (all numbers in millions).


Assume the apparel industry average rate earned on total assets is 8.2%, and the average rate earned on stockholders’ equity is 10.0% for Year 3.
a. Determine the rate earned on total assets for Macy’s for Years 3 and 2. Round to one decimal place.
b. Determine the rate earned on stockholders’ equity for Macy’s for Years 3 and
2. Round to one decimal place.
c. Evaluate the two-year trend for the profitability ratios determined in (a) and(b).


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  • CreatedFebruary 04, 2014
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