Early in 2014, Nordstrom, Inc. began opening stores across Canada to compete against Hudson's Bay Company and other higher-end retailers. Selected financial data (in millions) for the two companies are presented here.

Instructions
(a) For each company, calculate the following ratios:
1. Current ratio
2. Receivables turnover
3. Inventory turnover
4. Operating cycle
5. Debt to total assets
6. Interest coverage
7. Gross profit margin
8. Profit margin
9. Asset turnover
10. Return on assets
11. Return on equity
(b) Compare the liquidity, solvency, and profitability of the two companies.
TAKING IT FURTHER
If the entities presented other comprehensive loss, should it be factored into your analysis above?

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Hudsons Bay (C$)Nordstrom (USS) Jan. 31, 2015 Jan. 31, 2015 Total revenue Cost of sales Gross profit Operating expenses Profit from operations Interest expense (revenue) Other non-operating income Profit before income tax Income tax expense (benefit) Profit $8,169 4,893 3,276 3,103 173 262 308 219 (19) S 238 $13,506 8,406 5,100 3,777 1,323 138 1,185 $ 720 Current assets Non-current assets Total assets Current liabilities Non-current liabilities Total liabilities Shareholders' equity Total liabilities and shareholders' equity $2,829 6,243 $9,072 $2,144 4,436 6,580 2,492 $9,072 $ 5,224 4,021 $ 9,245 2,800 4,005 6,805 9,245 Additional information: Average accounts receivable Average inventories Average total assets Average total shareholders' equity S 281 2,199 8,507 2,268 2,242 1,632 8,910 2,260