I need questions 12-17 answered based off of income statement provided ...
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I need questions 12-17 answered based off of income statement provided
MACY'S, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (millions) 2019 2020 (3.944) $ 564 2018 1,098 $ 107 (107) (151) Net income (loss) Other comprehensive income (loss), net of taxes: Net actuarial gain closs) and prior service credit on post employment and postretirement benefit plans, nct of tax effect of $37 million, $36 million and $52 million Reclassifications to net income (loss): Net actuarial loss and prior service cost on post employment and postretirement benefit plans, net of tax effect of $12 million $8 million and $7 million Settlement charges, net of tax effect of $22 million, $14 million and $33 million Total other comprehensive income (loss) Comprehensive income (loss) Comprehensive loss attributable to noncontrolling interest Comprehensive income (los) attributable to Macy, Inc. shareholders 35 23 23 62 204 (3,740) 44 (40 524 65 (63) 1.033 10 1.045 (3.740) $ 324 The accompanying notes are an integral part of these Consolidated Financial Statements Hital Mach case 70 1 114 1 w ncome Statement (Consolidated Statements of Operations and Comprehensive Income): ote: Please state dollar amounts in the same format as in the statements. 12) Does Macy's present a single-step or multi-step income statement? 13) By how much did Net Sales increase or decrease from 2019 to 2020? State answer in dollars not percentages. Show calculations and state whether it is an increase or decrease. 14) By how much did Operating Income increase or decrease from 2019 to 2020. State answer in dollars not percentages. Show calculations and state whether it is an increase or decrease. 15) By how much did Net Income increase decrease from 2018 to 2019 and 2019 to 2020? Use the amounts labeled only Net income (loss)". State answers in dollars not percentages. Show calculations and state whether it is an increase or decrease for the respective years. 16) Based only on your view of the income statement, what appears to be the cause of the volatility in Net Income? 17) What is the largest expense on the income statement for the current year. Provide name of the account and amount. Balance Sheet (Consolidated Balance Sheets): 18) How much cash and cash equivalents did the company have at the end of the current year? 19) By how much did cash increase or decrease from the prior year? 20) Compute the working capital at the current year-end. Provide the calculation Highlight all Match case Par-end. Round to two decimal places and provide the
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