Financial statement and ratio analysis for Macy's.
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Analyze Macy's as a retail business company and
-Compute the quick and current liquidity ratios,
-The DuPont ratio, -Profit margin,
-Asset utilization,
-And financial leverage.
If Macy's uses the cash basis of accounting, how would that differ from the accual basis?
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Solution Summary
Financial statement and ration analysis for Macy's are examined. The quick, and current liquidity ratios are determined.
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Macy's is one of the United States premier retailers, with fiscal year 2008 sales of $24.9 billion. The company operates more than 800 Macy's department stores and furniture galleries in 45 states, the District of Columbia, Guam and Puerto Rico, as well as 40 Bloomingdale's stores in 12 states. Macy's, Inc.'s diverse workforce includes approximately 167,000 employees. Some of the key highlights of the financial performance of the company in the current year and its comparison with previous year are summarized below:
Net sales in the year 2008 ($24.9 billion) decline by 4.6% as compared to the total sales in 2007 ($26.3 billion)
Operating income declined from a profit of $1.86 billion in 2007 to a operating loss of $4.28 billion in 2008
Diluted ...
Education
- Chartered Accountant (Equivalent to CPA in US), Institute of Charted Accountants of India
- Bachelor of Commerce, West Bengal University
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