Nordstrom Inc. has select stores across Canada that compete against Hudson's Bay Company and other higher-end retailers. Selected financial data (in millions) for the two companies' global operations are presented here. Calculate and evaluate ratios. Hudson's Bay (CS) Feb. 3, 2018 Nordstrom (USS) Feb. 3, 2018 Statement of Comprehensive Income Total revenue Interest expense Cost of sales Gross profit Operating expenses Profit (loss) from operations Other non-operating income Profit (loss) before income tax Income tax expense (benefit) Profit (loss) Balance Sheet Current assets Non-current assets Total assets Current liabilities $14.349 8,514 $15-478 9,890 5.835 5.588 6,481 4.662 (646) 926 228 136 75 (949) (368) 790 353 $ (581) $ 437 $ 3.500 Non-current liabilities Total liabilities 6,322 9.827 $ 4.302 7.932 $12,234 $ 3.503 4,612 $ 8,115 $ 3,289 3.849 7.138 Shareholders' equity Total liabilities and shareholders' equity 2,407 977 $12,234 $ 8,115 Additional information: Average accounts receivable $ 386 $ 172 Average inventories Average total assets 3-371-5 12,219 Average total shareholders' equity 2,408.5 1,961.5 7,986.5 923-5 Instructions a. For each company, calculate the following ratios: 1. Current ratio 2. Receivables turnover 3. Inventory turnover 4. Operating cycle 5. Debt to total assets 6. Interest coverage 7. Gross profit margin 8. Profit margin 9. Asset turnover 10. Return on assets 11. Return on equity b. Compare the liquidity, solvency, and profitability of the two companies.