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............. Analyze and compare Neiman Marcus and Kohl's Neiman Marcus Group (NMG) is one of the largest luxury fashion retailers in the world. Kohl's Corporation
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Analyze and compare Neiman Marcus and Kohl's Neiman Marcus Group (NMG) is one of the largest luxury fashion retailers in the world. Kohl's Corporation (KSS) sells moderately priced private and national branded products through more than 1,100 department stores located throughout the United States. The current assets and current liabilities at the end of a recent year for both companies are as follows (in millions): Neiman Marcus Kohl's Current assets: Cash Inventories Other current assets Total current assets $1,074 3,795 $62 1,125 147 $1,334 378 $5,247 Current liabilities: Accounts payable Other current liabilities Total current liabilities $318 522 $1,507 1,467 $2,974 $840 a. Would an analysis of working capital between the two companies be meaningful? b. Compute the quick ratio for both companies. Round to one decimal place. Neiman Marcus: Kohl'sStep by Step Solution
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