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Refer to the information below from Nordstrom Inc.s 2016 financial statements. Use the information to answer the requirements ($ millions).
| Sales | | | | | $14,095 |
| Depreciation expense | | | | | 560 |
| Tax expense | | | | | 376 |
| Interest expense, gross | | | | | 153 |
| Earnings from continuing operations (Net income) | | | | | 600 |
| EBITA | | | | | 1,117 |
| Cash | | | | | 595 |
| Average total assets | | | | | 8,472 |
| Total debt | | | | | 2,805 |
| Noncurrent deferred tax liabilities | | | | | 324 |
| Noncontrolling interest | | | | | 0 |
| Equity | | | | | 871 |
| Dividends paid | | | | | 1,185 |
| Cash from operating activities | | | | | 2,451 |
a. Compute the following seven Moodys metrics for Nordstrom. See Appendix 4A for definitions.
Round answers to one decimal place (example for percentage answers: 0.2345 = 23.5%).
| Ratio | | | 2016 |
| EBITA to average assets | | | % |
| Operating margin | | | % |
| EBITA margin | | | % |
| EBITA interest coverage | | | |
| Debt to EBITDA | | | |
| Debt to book capitalization | | | % |
| Retained cash flow to net debt | | | % |
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