Can someone help me please? I am confused on this problem! thanks.

Analysis and Interpretation of Profitability 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) 2010 2009 2008 Sales $ 8,258 $ 8,272 $ 8,828 369 301 252 Credit card revenues Total revenues 8,627 8,573 9,080 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) (356) (274) (177) Credit Earnings before interest and income taxes Net interest expense Earnings before income taxes Income tax expense Net earnings 834 (138) 779 (131) 1,247 (74) 696 (255) 648 (247) 1,173 (458) $ 441 $ 401 $ 715 NORDSTROM, INC. Consolidated Balance Sheets ($ millions) January 30, 2010 January 31, 2009 Assets Current Assets Cash and cash equivalents Accounts receivable, net Merchandise inventories Current deferred tax assets, net Prepaid expenses and other Total current assets Land, buildings and equipment, net Goodwill Other assets Total assets $ 795 2,035 898 238 88 $ 72 1,942 900 210 93 4,054 2,242 53 230 3,217 2,221 53 170 $ 6,579 $ 5,661 NORDSTROM, INC. Consolidated Balance Sheets ($ millions) January 30, 2010 January 31, 2009 Liabilities and Shareholders' Equity Current liabilities Accounts payable $ 726 $ 563 Accrued salaries, wages and related benefits 336 214 Other current liabilities 596 525 356 299 Current portion of long-term debt Total current liabilities Long-term debt, net Deferred property incentives, net Other liabilities Shareholders' equity Common stock, no par value Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity Total liabilities and shareholders' equity 2,014 2,257 469 267 1,601 2,214 435 201 1,066 525 (19) 997 223 (10) 1,572 1,210 $ 6,579 $ 5,661 (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 = $Answer 0 (b) Compute net operating assets (NOA) for 2010 and 2009. 2010 NOA = $Answer 0 2009 NOA = $Answer 0 (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 = Answer 0 % 2010 NOPM = Answer 0 % 2010 NOAT = Answer 0 (d) Compute net operating obligations (NNO) for 2010 and 2009. 2010 NNO = $Answer 0 2009 NNO = $Answer 0 (e) Compute return on equity (ROE) for 2010. (Round your answers to two decimal places. Do not round until your final answer.) 2010 ROE = Answer 0 % (f) Infer the nonoperating return component of ROE for 2010. (Use answers from above to calculate. Round your answer to two decimal places.) 2010 nonoperating return = Answer 0 % (g) Comment on the difference between ROE and RNOA. Which of the following statements best describes the inference from the difference between Nordstrom's ROE and RNOA? ROE>RNOA implies that Nordstrom's equity has grown faster than its NOA. The faster increase of equity compared to NOA allows higher dividends to be paid to Nordstrom's stockholders. ROE>RNOA implies that Nordstrom is able to borrow money to fund operating assets that yield a return greater than its cost of debt. The excess accrues to the benefit of Nordstrom's stockholders. ROE>RNOA implies that Nordstrom has taken on too much financial leverage. The high financial leverage results in a higher interest rate on Nordstrom's debt, therefore the cost of debt is greater. ROE>RNOA implies that Nordstrom has increased its financial leverage during the period. The increase in financial leverage also increases Nordstrom's risk, therefore increasing the expected ROE by Nordstrom's stockholders