For fiscal year ended Feb 01, 2024, Nordstrom Inc. reported…
For fiscal year ended Feb 01, 2024, Nordstrom Inc. reported operating income of $784 million and income tax expense of $186 million. Gross interest expense and net interest expense were both $100 million since the company reported no interest income. Assume statutory tax rate of 25%. What was Nordstrom’s Tax on Operating Profit and Times Interest Earned for the year, respectively?