Module 4 I Credit Risk Analysis and interpretation 4-40 EXERCISES E4-22.A Assigning a Long-Term Debt Rating Using Financial Ratios L03, 4 Refer to the information below from Nordstrom Inc.'s 2016 financial statements. Use the information to answer the requirements (S millions). NORDSTROM IN (JWN) MBC Sales $14,095 .. 376 153 Interest expense, gross Earnings from continuing operations (Net income). " EBITA 1,117 595 8,472 ....2,805 324 Cash Noncurrent deferred tax liabilities Noncontrolling interest.... Equity Dividends paid... . 871 2.451 Required a. Compute the following seven Moody's metrics for Nordstrom. See Appendix 4A for definitions. EBITA to average assets Operating margin EBITA margin EBITA interest coverage Debt to EBITDA Debt to book capitalization Retained cash flow to net debt your computations from part a, along with measures in Exhibit 4.7, to estimate the long-term debt rating for Nordstrom b. Use