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- 4 4 7 206 G S G & & C FE . C G W X G G V S P G G G ME a / G * * M MO G+ V X https://education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=78ecoab0-251e-4175-874d-f145ece5f10a#/question/8 G3 T The Canadian Busin... Midterm #2 - Chapters 7 - 10 01 : 07 : 48 Question 9 of 9 - /10 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 $ 730 $ 65 Accounts receivable (net) 1,910 1.800 Inventory 800 860 Other current assets 474 425 Total current assets $3,914 $3,150 Total current liabilities $2,060 $1,630 For the year, net credit sales were $7,420 million, cost of goods sold was $5,312 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. 1.82 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Current ratio Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days O W J. Raining now 19EX ENG 12:55 PM 2022-11-03 17
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