The following information was obtained from the comparative financial statements included in Nordstrom's Form 10-K for its
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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.)
Required
1. Using the information provided, compute the following for the years ended January 30,
2016, and January 31, 2015:
a. Debt-to-equity ratio (at each year-end)
b. Times interest earned ratio
c. Debt service coverage ratio
d. Cash flow from operations to capital expenditures ratio
2. Comment briefly on the company's solvency.
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1337491471
10th edition
Authors: Gary A. Porter, Curtis L. Norton
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