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Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information for Nordstrom, Inc. for 2016 and 2015 follows 2016 2015

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Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information for Nordstrom, Inc. for 2016 and 2015 follows 2016 2015 $.595 $.827 196 2,306 3,014 5,224 2,911 2,800 2,795 3,123 $ millions) Cash Accounts receivable Current assets Current liabilities Long-term debt Short-term debt Total liabilities Interest expense Capital expenditures Equity Cash from operations Earnings before interest and taxes 1,101 6,827 6,805 153 156 1,082 861 871 2,440 2,451 1,220 1,323 (a) Compute the following liquidity, solvency and coverage ratios for both years Round all your answers to two decimal places 2016 current ratio 2015 current ratio = 2016 quick ratio = 2015 quick ratio- 2016 liabilities-to-equity = 2015 liabilities-to-equity = 2016 total debt-to-equity 2015 total debt-to-equity = 2016 times interest earned 2015 times interest earned =

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