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 millions of dollars.)

Required
1. Using the information provided, compute the following for the years ended January 28,2012, and January 29, 2011:
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.

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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 $ 130 $ 127 Interest expense, net Cash paid during the year for interest (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