Neiman Marcus Group (NMG) is one of the largest luxury fashion retailers in the world. Kohl’s Corporation (KSS) sells moderately priced private and national branded products through more than 1,100 department stores located throughout the United States. The current assets and current liabilities at the end of a recent year for both companies are as follows (in millions):

a. Would an analysis of working capital between the two companies be meaningful? Explain.
b. Compute the quick ratio for both companies.
c. Interpret your results.

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Current assets: Cash...... Inventories....... Other current assets. Total current assets.... Current liabilities: Accounts payable...... Other current liabilities ...... Total current liabilities.... Neiman Marcus $ 39 1,116 158 $1,313 $ 319 541 $ 860 Kohl's $ 723 3,537 389 $4,649 $1,206 1,563 $2,769