lowing is e is 37%. the income statement for Nordstrom Company. Assume that the combined federal and state statutory tax (S millions) Net sales Credit card revenues 2016 $14,095 342 4,437 (9,168) Total revenues Cost of sales and related buying and occupancy costs Selling, general and administrative expenses Earnings before interest and income taxes Interest expense, net Earnings before income taxes Income tax expense Net earnings 1,101 (125) 976 $ 600 Compute NOPAT for Nordstrom for 2016. (Hint Treat credit card revenues as operating.) (10 points) . Use Microsoft's balance sheets for the fiscal year 2016 to compute the following (assume equity and other is operating) (10 Points)