Access the Data Analytic worksheet at www.wiley.com/go/pratt/financialaccounting11e.
a. Create a table that compares the performance of Macy's and Dillards, competing firms in the apparel industry, on long-term liabilities as a percent of total assets (long-term debt ratio) for 2019 and 2018.
b. For the two companies, link your analysis in (a) to return on equity through the effect on capital structure leverage.