Nordstrom, Inc operates department stores in numerous states Selected financial statement data (in millions of dollars) for a recent year follow Instructions (a) Compute working capital and the current ratio at the beginning of the year and at the end of the year (b) Did Nordstroms liquidity improv...

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Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for

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Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for a recent year follow. image text in transcribed

Instructions

(a) Compute working capital and the current ratio at the beginning of the year and at the end of the year.

(b) Did Nordstrom’s liquidity improve or worsen during the year?

(c) Using the data in the chapter, compare Nordstrom’s liquidity with Best Buy’s (see page 55).

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Financial Accounting Tools For Business Decision Making

ISBN: 9781119316022

8th Edition

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

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Question Posted: Jun 24, 2024 01:02 AM

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Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for

Question:

Cash and cash equivalents Receivables (net) Merchandise inventory End of Year $ 72 Beginning of Year $ 358 1,788 1,942 900 956 Other current assets 303 259 Total current assets $3,217 $3,361 Total current liabilities $1,601 $1,635

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Financial Accounting Tools For Business Decision Making

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