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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.)

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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%.

1. For the year ended January 28, 2012

A. Debt-to-equity ratio (at each year-end): _____to 1

B. Times interest earned ratio: _____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): _____to 1

B. Times interest earned ratio: _____to 1

C. Debt service coverage ratio: _____times

D. Cash flow from operations to capital expenditures ratio: _____%

Total assets Total shareholders' equity January 28, 2012 $8,491 1,956 January 29,2011 $7,462 2,021 For the Years Ended January 28, 2012 January 29,2011 S 127 Interest expense, net Cash paid during the year for interest $ 130 (net of capitalized interest) Income tax expense Cash paid during the year for income taxes Net earnings Net cash provided by operating activities Cash dividends paid Capital expenditures Principal payments on long-term borrowings 124 436 398 683 1,177 197 511 121 378 381 613 1,177 167 399 356

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