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Refer to the information below from Nordstrom Inc.s 2016 financial statements. Use the information to answer the requirements ($ millions). Sales $14,095 Depreciation expense 560
Refer to the information below from Nordstrom Inc.s 2016 financial statements. Use the information to answer the requirements ($ millions).
Sales | $14,095 | ||||
Depreciation expense | 560 | ||||
Tax expense | 376 | ||||
Interest expense, gross | 153 | ||||
Earnings from continuing operations (Net income) | 600 | ||||
EBITA | 1,117 | ||||
Cash | 595 | ||||
Average total assets | 8,472 | ||||
Total debt | 2,805 | ||||
Noncurrent deferred tax liabilities | 324 | ||||
Noncontrolling interest | 0 | ||||
Equity | 871 | ||||
Dividends paid | 1,185 | ||||
Cash from operating activities | 2,451 |
a. Compute the following seven Moodys metrics for Nordstrom. See Appendix 4A for definitions.
Round answers to one decimal place (example for percentage answers: 0.2345 = 23.5%).
Ratio | 2016 | ||
---|---|---|---|
EBITA to average assets | % | ||
Operating margin | % | ||
EBITA margin | % | ||
EBITA interest coverage |
| ||
Debt to EBITDA |
| ||
Debt to book capitalization | % | ||
Retained cash flow to net debt | % |
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