question archive EDGAR, the Electronic Data Gathering Analysis, and Retrieval system, performs automated collection, validation, Indexing, acceptance and forwarding of submissions by companies and others who are required by law to file forms with the US Securities and Exchange Commission (SEC)
EDGAR, the Electronic Data Gathering Analysis, and Retrieval system, performs automated collection, validation, Indexing, acceptance and forwarding of submissions by companies and others who are required by law to file forms with the US Securities and Exchange Commission (SEC)
Subject:BusinessPrice: Bought3
EDGAR, the Electronic Data Gathering Analysis, and Retrieval system, performs automated collection, validation, Indexing, acceptance and forwarding of submissions by companies and others who are required by law to file forms with the US Securities and Exchange Commission (SEC). All publicly traded domestic companies use EDGAR to make the majority of their filings (Some foreign companies do so voluntarily) Form 10-K, including the annual report. Is required to be filed on EDGAR The SEC makes this information available on the internet Required: 1. Access EDGAR on the Internet at www.sec.gov or from Investor Relations at the Macy's, Inc. www.macys.com) Search for Macy's Access its 10-K filing for the year ended January 30, 2017 Search or scroll to find the financial statements and related notes. What is the total debt (including current liabilities and deferred taxes) reported in the balance sheet in the most recent two years? 2. Compare the total liabilities (including current liabilities and deferred taxes) with the shareholders' equity and calculate the debt to equity ratio for the most recent two years 3. Does Macy's obtain more financing through notes, bonds, or commercial paper? Are required debt payments increasing on decreasing over the next three years? 4. Does Macy's classify y short-term debt as long-term? 5. Note 6: Financing includes the following statement "On November 18, 2014, the Company issued $550 million aggregate principal amount of 4.5% senior notes due 2034. This debt was used to pay for the redemption of the $407 million of 7B75% senior notes due 2015 described above." Under some circumstances, Macy's could have reported the amounts due in 2015 as long-term debt at the end of the previous year even though these amounts were due within the coming year. Obtain the relevant authoritative literature on classification of debt expected to be financed using the FASB Accounting Standards Codification. You might gain access from the wir school library or some other source Determine the criteria for reporting currently payable vei tee years 4. Does Macy's classify any short-term debt as long-term? 5. Note 6: Financing includes the following statement "On November 18, 2014, the Company issued $550 million aggregate principal amount of 4,5% senior notes due 2034. This debt was used to pay for the redemption of the $407 million of 7875% senior notes due 2015 described above "Under some circumstances, Macy's could have reported the amounts due in 2015 as long-term debt at the end of the previous year even though these amounts were due within the coming year. Obtain the relevant authoritative literature on classification of debt expected to be financed using the FASB Accounting Standards Codification. You might gain access from the FASE website (www.fasb.org). from your school library, or some other source Determine the criteria for reporting currently payable debt as long-term. What is the specific nine-digit Codification citation (XXX-XX-XX-XX) that Macy's would rely on in applying that accounting treatment? ook Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 What is the total debt (including current liabilities and deferred taxes) reported in the balance sheet in the most recent two years? 2017 Total liabilities 2016 $ 5,750,000 $ 5,232,000 Required 1 REK Required 2 Required 3 Required 4 Required Compare the total liabilities (including current liabilities and deferred taxes) with the shareholders' equity and calculate the debt to equity ratio for the most recent two years. (Round your answers to 2 decimal places.) 2017 69.88 2016 69.88 Debt to equity ratio complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Determine the criteria for reporting currently payable debt as long-term. What is the specific nine-digit Codification citation (XXX-XX-XX-XX) that Macy's would rely on in applying that accounting treatment? Topic Section Subtopic 10 Paragraph 11
