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24 Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2025 are presented below. For the year, net
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Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2025 are presented below. For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by ope ting activities was $1,251 million. Compute the current ratio, accounts recelvable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Riound current ratio to 2 decimal places, es. 1.83 and all other answers to 1 decimal place, es. 1.8, Use 365 days for calculation) Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and daystn inventory for the current year. (Round current ratio to 2 decimal places, eg. 1.83 and all other answers to 1 decimal place, eg. 1.8 . Use 365 days for calculation Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory :1 times days times days Step by Step Solution
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