Selected balance sheet and income statement information for Macy's, Inc., a retailer, follows. Company ($ millions) Ticker
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Selected balance sheet and income statement information for Macy's, Inc., a retailer, follows.
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Company ($ millions) Ticker Macy's ....... M 2013 2012 Stockholders' Sales Net Income Assets Assets Equity 2013 2013 2013 $27,686 $1,335 $20,991 $22,095 $6,051 2012 Stockholders' Equity $5,933 a. Compute Macy's 2013 return on equity (ROE). b. Disaggregate ROE into profit margin, asset turnover, and financial leverage. Confirm that ROE = PM X AT X FL.
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Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
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