Use the following information for Macy's Inc. and Nordstrom, Inc. to answer questions 7, 8, 9, and 10. For each question, answer in complete sentences. Support your answer with any relevant ratio, computed for both companies. Show your calculations. Macy's, Inc. (M) All numbers in thousands Nordstrom, Inc. (JWN) All numbers in thousands Income Statement Total Revenue 2/3/18 24,837.000 15.152.000 9.685.000 1,541.000 1,536,000 2/3/18 15,478.000 14.757,000 10,044,000 1/28/17 1/28/17 25.778.000 15,621.000 Income Statement Total Revenue Cost of Goods Sold Gross Profit Operating Income or Loss Net Income 9,596,000 5,434.000 5,161,000 926,000 Cost of Revenue 10.157.000 Gross Profit Operating Income or Loss Net Income 1.637,000 1,002.000 611.000 437,000 354,000 Balance Sheet Current Assets Cash And Cash Equivalents Net Receivables Inventory Other Current Assets Total Current Assets Property Plant and Equipment Goodwill Intangible Assets Other Assets Total Assets Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Minority Interest Total Liabilities Total Stockholder Equity Total Liabilities plus Stockholders Equity 2/3/18 1/28/17 Balance Sheet Current Assets Cash And Cash Equivalents Net Receivables 2/3/18 1/28/17 1.181,000 145,000 1,455,000 363.000 1.297.000 522.000 5.399.000 1,007.000 199.000 5.178.000 Inventory Other Current Assets 2.027,000 1,896.000 62.000 7.444,000 6.672.000 3.897.000 57.000 3.503.000 3.939,000 238.000 3,242,000 3,897,000 238.000 7.626,000 Total Current Assets 7.017,000 3.897.000 498.000 813.000 Property Plant and Equipment Goodwill Intangible Assets Other Assets 488.000 880.000 19,381,000 435.000 481,000 8,115,000 7,858,000 19,851,000 Total Assets Current Liabilities Accounts Payable Short/Current Long Term Debt Other Current Liabilities Total Current Liabilities Long Term Debt Other Liabilities Minority Interest Total Liabilities Total Stockholder Equity Total Liabilities plus Stockholders Equity 2.325.000 189.000 2,177.000 474,000 1.409.000 1.340,000 11.000 56.000 1.781.000 2.205.000 1.246.000 1.223,000 5.075,000 5.647.000 3.289.000 3.029.000 5,835,000 2,784,000 -12.000 6,535.000 2.681.000 2.763.000 1.196.000 3.320.000 1.168.000 -1.000 15.529.000 13.720.000 7,138,000 977.000 6.988.000 5.661.000 4.322.000 870,000 7,858,000 19,381,000 19,851,000 8,115,000 7. Growth. Which company grew faster in the most recent year? Calculate the growth rate in both companies' total revenues and net income, and state which company's growth was higher in terms of each. 8. Profitability. Based on the information provided, which company was more profitable in the most recent year? 9. Liquidity. Based on the information provided. which company was more liquid at the most recent year end? 10. Solvency. Based on the information provided, which company was more solvent at the most recent year end