Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Analyze credit risk in the past and current years
Analyze profitability in the past and current years
Transcribed Image Text:Changes (%)
2019-2020 2018-2019
3.161% 3.599% 2.891% -12.186% 24.519%
(1)
(2)
(3)
Nordstrom
2020
2019
2018
ROE
Disaggregation 1
ROA
FL (Financial Leverage)
ROA × FL
Disaggregation 2
PM (Profit Margin)
AT (Asset Turnover)
FL
9.975%
3.161% 3.599% 2.891% -12.186%
5.629% 7.050% 5.472% -20.151% 28.836%
-3.351%
24.519%
0.562
0.511
0.528
3.195% 3.556% 2.823% -10.153% 25.953%
2.289%
-3.351%
3.161% 3.599% 2.891% -12.186% 24.519%
1.762
1.982
1.938
-11.127%
0.562
0.511
0,528
9.975%
РМХАТХFL
Nordstrom
2020
2019
2018
2017 2020-2019 2019-2018
TIE
7.089
-0.98%
14.42%
-34.46%
-50.44%
-8.05%
-10.29%
7.160
7.423
6.607
-3.54%
EBITDA Coverage
Cash from operations to total debt
Free Operating CF to total debt
12.782
11.893
0.566
0.277
1.070
0.398
0.474
14.625
12.837
-0.44%
0.305
0.493
0.236
0.465
-5.73%
0.230
0.998
0.327
-2.28%
-6.30%
-18.93%
-4.12%
0.114
Current ratio
0.918
1.065
Quick ratio
Liabilities-to-Equity ratio
Total debt to equity ratio
Credit Rating
0.293
0.403
27.59%
79.80%
0.564
0.442
0.461
0.316
0.176
0.183
0.199
-4.16%
BBB-
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