Finance 605
Financial Management
Steven C. Isberg, Ph.D
Assignment 2
Financial Analysis of Nordstrom
Preparation Tasks
- Find and download the most recent 10-K document for J.W. Nordstrom. Review the section that describes the business (i.e., Item 1. Business).
- Download and review the financial statements and ratios for FYE Jan 2007-2017.
- Consider the following questions:
- How have Nordstrom’s growth and financing strategies affected the structure of the balance sheet?
- How have Nordstrom’s growth strategies affected the trend in sales over the period studied?
- What drives the ROE for Nordstrom?
- To what degree have restructuring decisions affected the financial structure and performance of the company?
- Is the Nordstrom business model capable of sustaining a return to shareholders?
Assignment
Prepare a one-page maximum business memo that addresses the above questions. Include exhibits at the end of the document. Be sure that you make reference to each exhibit included as an attachment. If you do not make a reference to the exhibit, do not include it.