Question
The following information was obtained from the comparative financial statements included in Nordstrom s Form 10-K for its 2011 fiscal year. (All amounts are in
The following information was obtained from the comparative financial statements included in Nordstroms Form 10-K for its 2011 fiscal year. (All amounts are in millions of dollars.)
Required: Using the information provided, compute the following for the years ended January 28, 2012, & January 29, 2011: For requirements (A)-(C), round your answers to TWO decimal places. For requirement (D), the cash flow from operations to capital expenditures ratio, round raw calculations to THREE decimal places. Then, enter your answer as a percentage rounded to ONE decimal place; for example, 2.3742 rounds to 2.374 & would be entered as 237.4, indicating 237.4%.
Note: here are 2 screenshots of the answers for C & D that I've attempted help on, both times have been incorrect
1. For the year ended January 28, 2012
A. Debt-to-equity ratio (at each year-end): 3.34 to 1
B. Times interest earned ratio: 9.61 to 1
C. Debt service coverage ratio: _____times
D. Cash flow from operations to capital expenditures ratio: _____%
2. For the year ended January 29, 2011
A. Debt-to-equity ratio (at each year-end): 2.69 to 1
B. Times interest earned ratio: 8.80 to 1
C. Debt service coverage ratio: _____times
D. Cash flow from operations to capital expenditures ratio: _____%
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