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 Total assets $7,698 Total shareholders' equity 871 For the Years Ended Interest expense, n 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 S125 136 376 383 600 2,451 1,185 1,082 et For the year ended anuary 30, 2016 For the year ended January 31, 2015 a. Debt-to-equity ratio b. Times interest earned ratio c. Debt service coverage ratio d. Cash fiow from operations to capital expenditures ratio to 1 to 1 times x to 1 to 1 times 2. Based on the ratio analysis, Nordstrom a. is highly solvent as its debt-to-equity ratio has declined and the debt-service-coverage ratio has increased during 2016. b. has experienced declining solvency as its debt-to-equity ratio has increased and the debt-service-coverage ratio has decreased during 2016. c has experienced mixed results in 2016-its debt-to-equity and its d d. has experienced mixed results in 2016 its debt-to-equity and its debt-service-coverage ratios have both decreased. ratios have both increased