The following information was obtained from the comparative financial statements

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.)

The following information was obtained from the comparative financial statements

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.

Financial Statements
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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