Macy's, Inc. (M), sells merchandise through company-owned retail stores and Internet website. Recent financial information for Macy's
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Assume the apparel industry's average return on total assets is 8.2%, and the average return on stockholders' equity is 10.0% for Year 3.
a. Determine the return on total assets for Macy's for Years 2 and 3. Round to one decimal place.
b. Determine the return on stockholders' equity for Macy's for Years 2 and 3. Round to one decimal place.
c. Evaluate the changes in the profitability ratios determined in (a) and (b).
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