1) Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below.

		End of Year		Beginning of Year
Cash and cash equivalents		$ 750		$ 81
Accounts receivable (net)		2,060		1,810
Inventory		880		830
Other current assets		570		429
Total current assets		$4,260		$3,150
Total current liabilities		$2,060		$1,610

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. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover and days in inventory at the end of the current year. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.)

Current ratio			:1
Accounts receivable turnover			times
Average collection period			days
Inventory turnover			times
Days in inventory			days

2)

Oriole Company has these comparative balance sheet data:

ORIOLE COMPANY Balance Sheets December 31
		2022		2021
Cash		$ 25,635		$ 51,270
Accounts receivable (net)		119,630		102,540
Inventory		102,540		85,450
Plant assets (net)		341,800		307,620
		$589,605		$546,880
Accounts payable		$ 85,450		$ 102,540
Mortgage payable (15%)		170,900		170,900
Common stock, $10 par		239,260		205,080
Retained earnings		93,995		68,360
		$589,605		$546,880

Additional information for 2022:

1.		Net income was $33,900.
2.		Sales on account were $395,200. Sales returns and allowances amounted to $28,100.
3.		Cost of goods sold was $217,500.
4.		Net cash provided by operating activities was $56,500.
5.		Capital expenditures were $26,600, and cash dividends were $20,800.

Compute the following ratios at December 31, 2022. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.)

(a)		Current ratio.			:1
(b)		Accounts receivable turnover.			times
(c)		Average collection period.			days
(d)		Inventory turnover.			times
(e)		Days in inventory.			days
(f)		Free cash flow.

3) The condensed financial statements of Ivanhoe Company for the years 2021 and 2022 are presented below.

IVANHOE COMPANY Balance Sheets December 31 (in thousands)
		2022		2021
Current assets
Cash and cash equivalents		$330		$360
Accounts receivable (net)		580		510
Inventory		550		480
Prepaid expenses		130		160
Total current assets		1,590		1,510
Property, plant, and equipment (net)		410		380
Investments		120		120
Intangibles and other assets		530		510
Total assets		$2,650		$2,520
Current liabilities		$930		$900
Long-term liabilities		570		470
Stockholders equitycommon		1,150		1,150
Total liabilities and stockholders equity		$2,650		$2,520

IVANHOE COMPANY Income Statements For the Year Ended December 31 (in thousands)
		2022		2021
Sales revenue		$3,890		$3,550
Costs and expenses
Cost of goods sold		1,080		1,000
Selling & administrative expenses		2,400		2,330
Interest expense		10		20
Total costs and expenses		3,490		3,350
Income before income taxes		400		200
Income tax expense		160		80
Net income		$ 240		$ 120

Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 12.6%.)

		2022			2021
Current ratio.			:1			:1
Inventory turnover.
Profit margin.			%			%
Return on assets.			%			%
Return on common stockholders equity.			%			%
Debt to assets ratio.			%			%
Times interest earned.			times			times