Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2025

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Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2025 are presented below.image



For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 million.



InstructionsCompute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year.

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Accounting Tools For Business Decision Making

ISBN: 9781119791058

8th Edition

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

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