Nordstrom, Inc. (USA), operates department stores in numerous states. Selected financial statement data for the year ending

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Nordstrom, Inc. (USA), operates department stores in numerous states. Selected financial statement data for the year ending February 1, 2014, are shown below.
NORDSTROM, INC.
Statement of Financial Position (partial)
Nordstrom, Inc. (USA), operates department stores in numerous states. Selected

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  book-img-for-question

Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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