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Balance sheets and income statements for Nordstrom, Inc. follow. Refer to these financial statements to answer the requirements. NORDSTROM, INC. Consolidated Statements of Earnings For

Balance sheets and income statements for Nordstrom, Inc. follow. Refer to these financial statements to answer the requirements.

NORDSTROM, INC.
Consolidated Statements of Earnings
For Fiscal Years Ended ($ millions)201020092008
Sales$ 8,258$ 8,272$ 8,828
Credit card revenues369301252
Total revenues8,6278,5739,080
Cost of sales and related buying and occupancy costs(5,328)(5,417)(5,526)
Selling, general and administrative expenses
Retail(2,109)(2,103)(2,130)
Credit(356)(274)(177)
Earnings before interest and income taxes8347791,247
Net interest expense(138)(131)(74)
Earnings before income taxes6966481,173
Income tax expense(255)(247)(458)
Net earnings$ 441$ 401$ 715

NORDSTROM, INC.
Consolidated Balance Sheets
($ millions)January 30, 2010January 31, 2009
Assets
Current Assets
Cash and cash equivalents$ 795$ 72
Accounts receivable, net2,0351,942
Merchandise inventories898900
Current deferred tax assets, net238210
Prepaid expenses and other8893
Total current assets4,0543,217
Land, buildings and equipment, net2,2422,221
Goodwill5353
Other assets230170
Total assets$ 6,579$ 5,661
Liabilities and Shareholders' Equity
Current liabilities
Accounts payable$ 726$ 563
Accrued salaries, wages and related benefits336214
Other current liabilities596525
Current portion of long-term debt356299
Total current liabilities2,0141,601
Long-term debt, net2,2572,214
Deferred property incentives, net469435
Other liabilities267201
Shareholders' equity
Common stock, no par value1,066997
Retained earnings525223
Accumulated other comprehensive income (loss)(19)(10)
Total shareholders' equity1,5721,210
Total liabilities and shareholders' equity$ 6,579$ 5,661


For Sales use "Total revenues" for your computations, when applicable.

(a) Compute net operating profit after tax (NOPAT) for 2010. Assume that the combined federal and statutory rate is: 37.0%. (Round your answer to the nearest whole number.)
2010 NOPAT = $_________

(b) Compute net operating assets (NOA) for 2010 and 2009.
2010 NOA = $___________
2009 NOA = $___________

(c) Compute RNOA, net operating profit margin (NOPM), and net operating asset turnover (NOAT) for 2010. Do not use NOPM x NOAT to calculate RNOA. (Do not round until final answers. Round to two decimal places.)
2010 RNOA = _________%
2010 NOPM = _________%
2010 NOAT = ________

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