This assignment requires the following :

1. Company Selected: Nordstrom

2. Ratios to compute and interpret only the following 4 liquidity ratios

• Current ratio
• Current cash debt coverage ratio
• Inventory turnover
• Accounts receivable turnover

3. Time period: Years 2012, 2013, 2014

4. Primary Source:Company Annual Reports

Nordstrom (ticker symbol JWN) http://investor.nordstrom.com/phoenix.zhtml?c=93295&p=irol-reportsAnnual

look for other information sources to update your knowledge of the current status of your selected company. The financial condition of any US company with publicly tradedshares, tends to vary because of changing current USA and global market conditions, and sometimes because of current events within the company.

5. Requirements:

a. Required ratios in the following table:

Company name: ____Nordstrom______________________________________

RATIO	2014	2013	2012
CURRENT RATIO
CURRENT CASH DEBT COVERAGE RATIO
INVENTORY TURNOVER
ACCOUNTS RECEIVABLE TURNOVER

b. Answer to the following question in less than 250 words:

Is the overall liquidity position improving, worsening, staying the same or cannot say, between 2012 and 2014? Why do you say so?

9. What are some common issues with 10K:

• Assume all of net sales or net revenues as net credit sales
• Go by the most recently reported information for the same data element. If, for example, the sales for 2013 in the 10-K (for 2013) and the sales for 2013 in the 10-K (for 2014) are different, use the one in the latter (10-K for 2014).