Macy s reported the following results in its 2008 10 K
Macy’s reported the following results in its 2008 10- K:






Requirements
1. Calculate the following ratios for the most recent fiscal year:
a. Current ratio
b. Accounts receivable turnover ratio (Uses total sales in the numerator.)
c. Debt- to- equity ratio
d. Return on assets
e. Return on equity
2. Comment on the results of youranalysis.
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