Nordstrom, Inc. (USA), operates department stores in numerous states. Selected financial statement data for the year ending January 30, 2010, are shown below.

For the year, net sales were $8,258 and cost of goods sold was $5,328 (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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Nordstrom, Inc. Statement of Financial Position (partial) (in millions) Other current assets End-of-Year Beginning-of-Year $ 210 93 $ 238 Prepaid expenses Merchandise inventory Accounts receivable (net) Cash and cash equivalents Total current assets Total current liabilities 88 898 2,035 795 900 1,942 72 $4,054 $3,217 $2,014 $1,601