Nordstrom, Inc. (USA), operates department stores in numerous states. Selected financial statement data for the year ending
Question:
NORDSTROM, INC.
Statement of Financial Position (partial)
For the year, net sales were $12,166 and cost of goods sold was $7,737 (in millions).
Instructions
(a) Compute the four liquidity ratios at the end of the year.
(b) Using the data in the chapter, compare Nordstrom's liquidity with
(1) That of Park Street, and
(2) The industry averages for department stores?
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Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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