Question

Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,
Nordstrom, Inc. Consolidated Balance Sheets in millions Jan. 30, 2016 Jan. 31, 2015 Assets Current assets Cash and cash equiv
HINT: For Sales use Total revenues for your computations, when applicable (a) Compute net operating profit after tax (NOPAT
0 0
Add a comment Improve this question Transcribed image text
Answer #1

(a)

NOPAT for 2016 = Earnings before Interest & Taxes * (1-Tax rate%)
=1101*(1-0.37) = 694

(b)

NOA for 2016 = (Total Assets-financial asset)- (Total Liability-financial liability)
= (7698-595)-(6827-2795-10) = 3081
NOA for 2015 = (Total Assets-financial asset)- (Total Liability-financial liability)
= (9245-827)-(6805-3123-8) = 4744

(c)

2016 RNOA = (Net operating profits/Net operating assets)*100
= (693.63/7103)*100 = 9.77%
2016 NOPM = (NOPAT/Sales)*100
= (693.63/14095)*100 = 4.92%
2016 NOAT = (Sales/Net operating assets)*100
= 14095/8418 = 167.44%

(d)

2016 NNO = Non operating liabilities- Non operating assets
= 2805 - 595 = 2210
2015 NNO = Non operating liabilities- Non operating assets
= 3131-827 = 2304

(e)

2016 ROE = (Net Income/Sales)*100
= (600/14095)*100 = 4.26%
Add a comment
Know the answer?
Add Answer to:
Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requ...

    Balance sheets and income statements for Nordstrom, Inc., follow. Refer to these financial statements to answer the requirements. Nordstrom, Inc. Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,110 $12,166 Credit card revenues 342 396 374 Total revenues 14,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9,168) (8,406) (7,737) Selling, general and administrative expenses (4,168) (3,777) (3,453) Earnings before interest and income taxes 1,101 1,323 1,350 Interest expense,...

  • Analysis and Interpretation of Profitability Balance sheets and income statements for Nordstrom, Inc., follow. Refer to...

    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 For Fiscal Years Ended ($ millions) 2016 2015 2014 Net Sales $14,095 $13,110 $12,166 Credit card revenues 342 396 374 Total revenues 14,437 13,506 12,540 Cost of sales and related buying and occupancy costs (9,168) (8,406) (7,737) Selling, general and administrative expenses (4,168) (3,777) (3,453) Earnings before interest and income taxes...

  • Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements...

    Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements of Income Years ended December 31 ($ millions), 2007 2006 2005 Net sales $24,462 $22,923 $21,167 Operating expenses Cost of sales 12,735 11,713 10,408 Selling, general and administrative expenses 5,015 5,066 4,631 Research, development and related expenses 1,368 1,522 1,274 Loss/(gain) from sale of business (849) (1,074) Total operating expenses 18,269 17,227 16,313 Operating income 6,193 5,696 4,854 Interest expenses and income Interest expense...

  • Balance sheets and income statements for 3M Company follow. Consolidated Statements of Income Years ended December...

    Balance sheets and income statements for 3M Company follow. Consolidated Statements of Income Years ended December 31 ($ millions) 2009 2008 2007 Net sales $23,123 $25,269 $24.462 Operating expenses Cost of sales 12.109 13.379 12,735 Selling. general and administrative expenses 4,907 5,245 5.015 Research, development and related expenses 1,293 1,404 1,368 Loss/(gain) from sale of business 23 (849) Total operating expenses 18.309 20,051 18.269 Operating income 4.814 5.218 6.193 Interest expenses and income Interest expense 219 215 210 Interest income...

  • Analysis and Interpretation of ROE and RNOA with No Noncontrolling Interest The 2018 balance sheets and...

    Analysis and Interpretation of ROE and RNOA with No Noncontrolling Interest The 2018 balance sheets and income statement for Netflix Inc. follow. Refer to these financial statements to answer the requirements. NETFLIX INC. Consolidated Statements of Earnings For Year Ended December 31, $ thousands 2018 Revenues $15,794,341 Cost of revenues 9,967,538 Marketing 2,369,469 Technology and development 1,221,814 General and administrative 630,294 Operating income 1,605,226 Other income (expense) Interest expense (420,493) Interest and other income 41,725 Income before income taxes 1,226,458...

  • Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements...

    Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements of Income Years ended December 31 ($ millions) 2007 2006 2005 Net sales $24,462 $22,923 $21,167 Operating expenses Cost of sales 12,735 11,713 10,408 Selling, general and administrative expenses 5,015 5,066 4,631 Research, development and related expenses 1,368 1,522 1,274 Loss/(gain) from sale of business (849) (1,074) -- Total operating expenses 18,269 17,227 16,313 Operating income 6,193 5,696 4,854 Interest expenses and income Interest...

  • Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements...

    Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements of Income Years ended December 31 ($ millions) 2012 2011 2010 Net sales $29,904 $ 29,611 $ 226,662 Operating expenses Cost of sales 15,685 15,693 13,831 Selling, general and administrative expenses 6,102 6,170 5,479 Research, development and related expenses 1,634 1,570 1,434 -- -- -- Total operating expenses 23,421 23,433 20,744 Operating income 6,483 6,178 5,918 Interest expenses and income Interest expense 171 186...

  • Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements...

    Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements of Income Years ended December 31 ($ millions) 2010 2009 2008 Net sales $26,662 $23,123 $25,269 Operating expenses Cost of sales 13,831 12,109 13,379 Selling, general and administrative expenses 5,479 4,907 5,245 Research, development and related expenses 1,434 1,293 1,404 Loss/(gain) from sale of business -- -- 23 Total operating expenses 20,744 18,309 20,051 Operating income 5,918 4,814 5,218 Interest expenses and income Interest...

  • Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements...

    Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements of Income Years ended December 31 ($ millions) 2007 2006 2005 Net sales $24,462 $22,923 $21,167 Operating expenses Cost of sales 12,735 11,713 10,408 Selling, general and administrative expenses 5,015 5,066 4,631 Research, development and related expenses 1,368 1,522 1,274 Loss/(gain) from sale of business (849) (1,074) Total operating expenses 18,269 17.227 16,313 Operating income 6,193 5,696 4,854 Interest expenses and income Interest expense...

  • Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements...

    Analysis and Interpretation of Profitability Balance sheets and income statements for 3M Company follow. Consolidated Statements of Income Years ended December 31 ($ millions) 2010 2009 2008 Net sales $26,662 $23,123 $25,269 Operating expenses Cost of sales 13,831 12,109 13,379 Selling, general and administrative expenses 5,479 4,907 5,245 Research, development and related expenses 1,434 1,293 1,404 Loss/(gain) from sale of business -- -- 23 Total operating expenses 20,744 18,309 20,051 Operating income 5,918 4,814 5,218 Interest expenses and income Interest...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT