Resources: U.S. Securities and Exchange Commission (SEC), websites such as Annual Reports (AnnualReports.com)

Tutorial help on Excel and Word functions can be found on the Microsoft Office website. There are also additional tutorials via the web offering support for Office products.

Obtain the audited financial statements of Nordstrom Inc. and Macy's Inc. Hint: Go to the investor relations section at the company website and look for the annual report or 10K.

Research the Google on the Internet and download Income Statement, Statement of Shareholders' Equity, Balance Sheet, and Statement of Cash Flows.

You must Include this four statements along with research paper.

Develop a short report of the financial statements and include the following

Make a 5-year trend analysis for each company, using 2011 as the base year, of:

o Net sales.

o Net income. Discuss the significance of the trend results.

Compute for 2015 and 2014 the:

o Debt to assets ratio.

o Times interest earned. How would you evaluate each company's solvency?

Compute for 2015 and 2014 the:

o Profit margin.

o Asset turnover.

o Return on assets.

o Return on common stockholders' equity. How would you evaluate each company's profitability?

Show your work in Microsoft Word or Excel.