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Using 2018 Macy's information, compute its current and quick ratio. How do von compare Macy's 2018 ratios with 2017? 7) Compute Macy's 2018 gross, operational and net profit margins. Compare the 2018 values with 2017 and 2016. What can be said about Macy's profitability in the past three years? 8) What was Macy's ROE and ROA for 2018? ) Compute Macy's accounts receivable days, fixed asset turnover, Total asset turnover and Inventory turnover? MACY'S, INC CONSOLIDATED STATEMENTS OF INCOME (millions, exerpt per share data) 217 Net sales 25908 24,971 S 24939 S Credit cand nevenues, net. 7681 702 656 Cost of sales (15,181) (15,666) (15215) Selling, general and administrative expenses (9257) (8954) (9,039) Gains on sale of real estate 209 544 389 Restructuring, impairment, store ckosing and other costs Operating income Benefit plan income, net. (479) (136) (186) 1,371 1,864 S7 1,738 55 Settlement charges leterest expense (98) (105) (88) 067) (321) (261) Gains (osses) on carly retirement of debt (33) Interest income 25 1,516 965 Income before income tases Federal, state and local income tax benefit (expense). 1,420 022) 046) 39 MACY'S INC CONSOLIDATED BALANCE SHEETS (milliensh Febrary 1, 2ee Febrary & 21 ASSETS Current Assets Cash and cash oquivalents Receivables 1,162 S 1455 363 400 Merchendise inventories 5,263 5,178 Prepaid espenses and other current assets 620 650 Total Current Asets 7,445 7,646 Property and Equipment-net Goodwill Oher Intangible Assets-net 6,672 6637 3,908 3,897 478 488 Ober Assets 726 880 Total Assets 19,194 S 19,583 LIABLITIES AND SHAREHOLDERS EQUITY Carrent Liabilities Short-lerm deht Merchandise acoounts payable. Accounts payablle and accrued liabilities Income lases 43 S 22 1,655 1590 3,271 3,366 168 296 Total Current Liabilities 5232 4,708 5,179 Long-Term Debe Defemed Income Taxes Other Liablities Shareholders Equity 5,861 1238 1148 1,580 1,662 Common stock (307 5 and 304 8 shares outstanding) Additional paid-in capital Accumalated egsity 3 652 676 8,050 Treasury stock Accumalated other comprchensive loss Total Macy's, Inc Sharcholders' Equity Noncontrolling interst Total Sharcholders Equity Total Liabilities and Sharcholdens Equity 1246 (1,456) (724) 5,745 (1318) (951) 6,436 (12) 5,733 6,436 19.194 S 19.583 MACY'S, INC CONSOLIDATED STATEMENTS OF INCOME (millions, except per share data) 2018 2017 2016 24,971 25,908 Net sales 24,939 S Credit card revenues, net 768 702 656 Cost of sales (15,215) (15,181) (15,666) Selling, general and administrative expenses (8,954) (9,257) (9,039) Gains on sale of real estate.. 389 544 209 Restructuring, impairment, store closing and other costs. Operating income (136) (479) (186) 1,738 1,864 1,371 Benefit plan income, net.. Settlement charges. 39 57 55 (88) (105) (98) Interest expense (261) (321) (367) Gains (losses) on carly retirement of debt. (33) Interest income 25 4 11 Income before income taxes. 1,420 1,516 965 Federal, state and local income tax benefit (expense). (322) (346) 39 MACY'S, INC. CONSOLIDATED BALANCE SHEETS (millians) February 2, 2019 February 3, 2018 ASSETS Current Assets Cash and cash equivalents. 1,162 S 1,455 400 363 Receivables Merchandise inventories 5,263 5,178 620 Prepaid expenses and other current assets. Total Current Assets 650 7,646 7,445 6,637 6,672 3,897 488 Property and Equipment-net. Goodwill 3,908 478 Other Intangible Assets-net 880 19,583 726 Other Assets 19,194 $ Total Assets LIABILITIES AND SHAREHOLDERS EQUITY Current Liabilities 43 $ 22 Short-term debt 1,655 3,366 Merchandise accounts payable Accounts payable and accrued liabilities 1,590 3,271 296 168 Income taxes 5,232 5,179 5,861 1,148 Total Current Liabilities. 4,708 Long-Term Debt 1,238 Deferred Income Taxes Other Liabilities. 1,580 1,662 Shareholders' Equity Common stock (307.5 and 304.8 shares outstanding). Additional paid-in capital. Accumulated equity Treasury stock. Accumulated other comprehensive loss. Total Macy's, Inc. Shareholders' Equity Noncontrolling interest. Total Shareholders' Equity 3 652 676 8,050 7,246 (1,318) (1,456) (951) (724) 5,745 6,436 (12) 6,436 S,733 Total Liabilities and Shareholders' Equity 19,194 S S 19,583