Question: Can you please me help solve this problem step by step and what would be the correct answers? 1. what would be the purchases? FederalWay,

Can you please me help solve this problem step by step and what would be the correct answers?
1. what would be the purchases?
 Can you please me help solve this problem step by step
and what would be the correct answers? 1. what would be the

FederalWay, Incorporated, is a major department store chain. The dominant portion of the company's business consists of providing merchandise and services to consumers through department stores and online. In a prior annual report, FederalWay reported cost of goods sold of $11,576 million, ending inventory for the current year of $3,266 million, and ending inventory for the previous year of $3,638 million. Required: Develop a reasonable estimate of the merchandise purchases for the year. Note: Enter your answers in millions. Enter the missing dollar amounts for the income statement for each of the following independent cases. (Hint: In Case B, work from the bottom up.)

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