Calculate Nordstrom's (JWN) 2019 ROIC. Show work in excel

Note: JWN has their own calculation of ROIC in their 10K.

When calculating NOPAT use a tax of 25%.

Item 6. Selected Financial Data. (Dollars in millions except per square foot and per share amounts) The following selected financial data are derived from the audited Consolidated Financial Statements and should be read in conjunction with Item 1A: Risk Factors, Item 7: MD&A and Item 8: Financial Statements and Supplementary Data of this 2019 Annual Report. Fiscal year 2019 2018 2017 2016 2015 Earnings Results Net sales Credit card revenues, net EBIT1 Net eamings1.2 $14,498 259 $15,132 392 784 496 $15,480 380 837 564 $15,137 341 926 437 $14,095 342 1,101 600 805 354 Balance Sheet and Cash Flow Data Cash and cash equivalents Merchandise inventories Total assets 3 Total long-term debt Net cash provided by operating activities4 Capital expenditures $853 1,920 9,737 2,676 1,236 935 $957 1,978 7,886 2,685 1,296 654 $1,181 2,027 8,115 2,737 1,400 731 $1,007 1.896 7,858 2,774 1.658 846 $595 1,945 7,698 2,805 2,470 1,082 Performance Metrics Net sales (decrease) increase Digital sales as % of net sales EBIT % of net sales 1,2 Capital expenditures % of net sales Return on assets Adjusted ROIC3.5 (2.2%) 33.0% 5.2% 6.2% 5.1% 10.8% 2.3% 30.0% 5.4% 4.2% 6.8% 12.0% 4.4% 27.0% 6.1% 4.8% 5.4% 9.7% 2.9% 24.0% 5.6% 5.8% 4.5% 8.4% 7.5% 21.0% 7.8% 7.7% 6.6% 10.7% Per Share Information Eamings per diluted share1.2.6 Dividends declared per share $3.18 $3.32 $2.59 $2.02 $3.15 1.48 1.48 1.48 1.48 6.33