Analysis and Interpretation of Profitability Balance sheets and income statement
ID: 2559160 • Letter: A
Question
Analysis and Interpretation of Profitability Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requirements. Nordstrom, Inc Consolidated Statements of Earnings 2016 2015 2014 For Fiscal Years Ended ($ millions) Net Sales Credit card revenues Total revenues 514,095 $13,110 $12.166 374 4,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9.168) (8.406) (7,737) (4,168) 3,777) (3,453) 101 1.323 1350 (125) 138) (161) 976 1.185 1.189 (376) (465 (455) 5600 $720 $734 342 396 Selling. general and administrative expenses Earnings before interest and income taxes Interest expense, net Earnings before income taxes Income tax expense Net earningsExplanation / Answer
a.
Working:
b.
Working:
c.
Working:
e.
Working:
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