31. Compute liquidity ratios and compare results. E2.8 (LO 2), AP Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for a rece End of Year Beginning of Year $358 1,788 956 259 $3,361 $1,635 Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets Total current liabilities Compute liquidity measures and discuss findings. Instructions a. Compute working capital and the current ratio at the beginning of the year and at the end of the year. b. Did Nordstrom's liquidity improve or worsen during the year? c. Using the data in the chapter, compare Nordstrom's liquidity with that of Best Buy. 4 $72 1,942 900 303 $3,217 $1,601 (ang) Gur quested that the accounting donartment pronare a preliminarhalanno

Compute hquidity ratios and compare results. E2. 8 (I.O.2), AP Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for a rece Instructions a. Compute working capital and the current ratio at the beginning of the year and at the end of the year. b. Did Nordstrom's liquidity improve or worsen during the year? c. Using the data in the chapter, compare Nordstrom's liquidity with that of Best Buy. Compurc liquidity measures and discuss findings