Macy’s, Inc., headquartered in both Cincinnati and New York, operates more than 840 stores in 45 states under the Macy’s and Bloomingdale’s names. Its balance sheet on October 29, 2011, contained the following items ($ in millions):

Long-term debt .............. $6,151

Cash ................... ?

Total liabilities ............... ?

Shareholders’ equity ............ ?

Inventories ............... 7,158

Merchandise accounts payable ........ 3,576

Property, plant, and equipment ........ 8,423

Other assets ................ 5,585

Other liabilities ............... 6,684

Total assets ...............22,263

Prepare a condensed balance sheet, including amounts for

1. Cash. What do you think of its relative size?

2. Total Liabilities.

3. Shareholders’ Equity.