Question

Use your favorite search engine to locate Nordstrom’s recent financial statements (annual report) on the internet.

In you response:

1. Identify the name of the company

2. Identify the time period being reported on the Income Statement ( ie the Year Ended March 31, 2016)

3. On the Balance Sheet what is the amount of Assets?

4. On the Balance Sheet what is the amount of Inventory?

5. What percent does Inventory represent of Total Assets?

6. Locate in the Footnotes To the Financial Statements the footnote that describes inventory. What method or methods do they use to account for Inventory (ie LIFO, FIFO, Weighted Average) 7. On the Income Statement, do they show their gross profit? In your response identify the dollar amount of gross sales, the dollar amount of cost of goods sold, and the dollar amount of gross profit if possible. Are you able to calculate their gross profit margin (expressed as a percentage)? Is that a healthy gross profit margin? Pick a competitor and compare their gross profit margins.

Answer 1

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended February 2, 2019 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-15059 NORDSTROM, INC. (Exact name of registrant as specified in its charter) Washington State or other jurisdiction of incorporation or organization 91-0515058 (I.R.S. Employer Identification No.) 1617 Sixth Avenue, Seattle, Washington (Address of principal executive offices) 98101 (Zip Code) Registrant's telephone number, including area code (206) 628-2111 Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registered New York Stock Exchange Title of each class Common stock, without par value Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES NO Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YES NO Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YES NO Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). YES NO Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part Ill of this Form 10-K or any amendment to this Form 10-K. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer Non-accelerated filer Accelerated filer Smaller reporting company Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YES NO As of August 3, 2018 the aggregate market value of the Registrant's voting and non-voting stock held by non-affiliates of the Registrant was approximately $6.6 billion using the closing sales price on that day of $50.58. On March 11, 2019, 155,002,755 shares of common stock were outstanding. Activate Windows Go to PC settings to activate Windows DOCUMENTS INCORPORATED BY REFERENCE

Nordstrom, Inc. Consolidated Statements of Earnings (In millions except per share amounts) Fiscal year 2018 2017 2016 Net sales $15,480 $15,137 $14,498 Credit card revenues, net 380 341 259 Total revenues 15,860 14,757 15,478 Cost of sales and related buying and occupancy costs (10,155) (9,890) (9,440) Selling, general and administrative expenses (4,868) (4,662) (4,315) Goodwill impairment (197) 837 Earnings before interest and income taxes 926 805 Interest expense, net (136) (104) (121) Earnings before income taxes 733 790 684 Income tax expense (169) (353) (330) Net earnings $564 $437 $354 Earnings per share: $3.37 $2.62 $2.05 Basic Diluted $3.32 $2.59 $2.02 Weighted-average shares outstanding: Basic 167.3 166.8 173.2 168.9 175.6 Diluted 170,0 The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements. Nordstrom, Inc Consolidated Statements of Comprehensive Earnings (In millions) Fiscal year 2018 2017 2016 Net earnings $564 $437 $354 Postretirement plan adjustments, net tax of ($5), and ($1) (6) Foreign currency translation adjustment (17) 20 14 $561 $451 $369 Comprehensive net earnings The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements Activate Windows Go to PC settings to activate Windows.

Nordstrom, Inc. Consolidated Balance Sheets (In millions) February 3, 2018 February 2, 2019 Assets Current assets Cash and cash equivalents $957 $1,181 145 Accounts receivable, net 148 Merchandise inventories 1,978 2,027 291 150 Prepaid expenses and other 3,374 3,503 Total current assets Land, property and equipment, net 3,921 3,939 238 Goodwill 249 Other assets 342 435 Total assets $7,886 $8,115 Liabilities and Shareholders' Equity Current liabilities: $1,469 Accounts payable $1,409 578 Accrued salaries, wages and related benefits 580 1,324 Other current liabilities 1,246 Current portion of long-term debt 8 56 3,381 3,289 Total current liabilities Long-term debt,net 2,677 2,681 Deferred property incentives, net 457 495 Other liabilities 498 673 Commitments and contingencies (Note 11) Shareholders' equity: Common stock, no par value: 1,000 shares authorized; 157.6 and 167.0 shares issued and outstanding 3,048 2,816 Accumulated deficit (2,138) (1,810) (37) Accumulated other comprehensive loss (29) Total shareholders' equity 873 977 Total liabilities and shareholders' equity $7,886 $8,115

1. The name of the company on the annual report is Nordstrom, Inc. 2. The time period reported on the Income Statement is 'The Year Ended 31 December, 2018' 3. On the balance sheet, the amount of total asset on February 2, 2019 is $7,886 million. 4. On the balance sheet, the amount of inventory on February 2, 2019 is $1,978 million 5. Percentage of inventory on total asset Inventory/Total Asset X 100 1978/7886 X 100 25.08% As per policy, I can solve four sub parts of a question.