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Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Nordstrom Inc.'s 2016 financial statements. Use the information to answer the
Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Nordstrom Inc.'s 2016 financial statements. Use the information to answer the requirements ($ millions) Sales Depreciation expense lax expense Interest expense, gross Earnings from continuing operations (Net income) EBITA Cash Average total assets Total debt Noncurrent deferred tax liabilities Noncontrolling interest Equity Dividends paid Cash from operating activities $15,093 578 394 685 1,256 613 9,470 2,908 391 871 1,185 2,451
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