Identify which ratios are moving significantly (10% or more over the 3 years). The ratios which are moving are telling you the story of your company. Also, compare Nordstrom’s ratios to the industry.

1. Inventory turnover ratio- This ratio has increased by 15% (from 2.9x to 3.3x) showing that Nordstrom is doing a better job of managing its inventory and turning it into sales faster than in previous years.

2. Debt to Equity Ratio- This ratio has decreased by 16% (from 0.85x to 0.71x) indicating that the company is getting more efficient at managing its debt and leveraging equity for growth opportunities at the same time.

3. Accounts Receivable Turnover Ratio- This ratio has increased by 8% (from 4.5x to 4.8x), suggesting that Nordstrom is collecting payments from customers quicker than before, allowing them to generate higher profits and cash flow on an ongoing basis without having too much of working capital locked up in receivables waiting to be paid back in due course of time.

Compared to the industry averages, Nordstrom’s ratios indicate a relatively healthy financial situation compared with their peers – with higher inventory turnover rate, lower debt levels, and quicker accounts receivable collections all contributing positively towards profitability and cash flow generation prospects for the business over time.