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- 15 E View Policies Current Attempt in Progress Nordstrom, Inc operates department stores in numerous states Selected Hypothetical financial statement data in millions for
- 15 E View Policies Current Attempt in Progress 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 $79 $800 Cash and cash equivalents Accounts receivable (net) 2.040 1.850 Inventory 830 870 Other cursets 160 321 Total current sets $3,830 $3.120 $2.000 $1.000 Total current abilities For the year.net credit sales were 0.258 million cost of goods sold was $5.328 million and it can provided by operating chi was $1.25 million Compute the current ratio, accounts receivable turnover sverage collection per inventory turnover and an inventory end of the current year. (Round current ratio to 2 decimal places. 183 and all other newers to decimal place 365 calculation Prati Total current assets $3,830 $3,120 Total current liabilities $2,060 $1,600 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, es. 183 and all other answers to 1 decimal ploce, es 18. Use 365 days for calculation) Current ratio :1 Accounts receivable turnover times days Average collection period times Inventory turnover days Days in inventory Attempts of 2 used et A
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