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Solvency Analyses for Nordstrom, Inc. The following information was obtained from the comparative financial statements included in Nordstrom's Form 10-K for its 2015 fiscal year.
Solvency Analyses for Nordstrom, Inc. The following information was obtained from the comparative financial statements included in Nordstrom's Form 10-K for its 2015 fiscal year. (All amounts are in millions of dollars.) (All amounts are in millions of dollars.) January 30, 2016 January 31, 2015 $9,245 2,440 $7,698 871 Total assets Total shareholders' equity For the Years Ended Interest expense, net Cash paid during the year for interest, net of capitalized interest Income tax expense Cash paid during the year for income taxes, net of refunds Net earnings Net cash provided by operating activities Cash dividends paid Capital expenditures Principal payments on long-term borrowings Required 1. Using the information provided, compute the following for the years ended January 30, 2016, and January 31, 2015: Round your answers to two decimal places. January 30, 2016 January 31, 2015 $138 152 465 391 720 1,220 251 861 7 $125 136 376 383 600 2,451 1,185 1,082 8 For the year ended January 30, 2016 For the year ended January 31, 2015 7.84 to 1 a. Debt-to-equity ratio b. Times interest earned ratio c. Debt service coverage ratio d. Cash flow from operations to capital expenditures ratio 2.79 to 1 8.81 to 1 9.59 to 1 X times X times
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