Financial Analysis Of Macy's
The three companies chosen are:
1. MACYS
2. KOHLS and
3. DILLARDS Macys is registered as Macy’s, was incorporated in the state of Delaware, fiscal year-end is 02/3/2018, with its stocks listed on the New York Stock exchange (NYSE) www.sec.gov/edgar.shtml. Furthermore, Macys is involved in retailing through its websites and stores; participating in the sale of clothes, cosmetics, accessories home décor, furniture, appliances and food. In addition, its competion comes from other department stores, online retailers and discount stores including JC Penny, Kohls, Dillard’s and Sears (www.sec.gov) (www.nasdaq.com/symbol/m/sec-filings). Kohls, which is registered by the name of Kohl’s Corporation, was incorporated in Wisconsin,
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These balances, as well as income tax expense, are determined through management's estimations, interpretation of tax law for multiple jurisdictions and tax planning. If the Company's actual results differ from estimated results due to changes in tax laws, changes in store locations, settlements of tax audits or tax planning, the Company's effective tax rate and tax balances could be affected. As such, these estimates may require adjustment in the future as additional facts become known or as circumstances change. Changes in the Company's assumptions and judgments can materially affect amounts recognized in the consolidated balance sheets and statements of income …show more content…
The estimates of fair value of reporting units are based on the best information available as of the date of the assessment. If the carrying value of a reporting unit exceeds its fair value, an impairment loss will be recognized in an amount equal to such excess, limited to the total amount of goodwill allocated to the reporting unit. If the carrying value of an individual indefinite-lived intangible asset exceeds its fair value, such
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