Analyze and compare Neiman Marcus and Kohls Neiman Marcus Group (NMG) is one of the largest luxury fashion retailers in the world. Kohls 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	Kohls
Current assets:
Cash	$62	$1,074
Inventories	1,125	3,795
Other current assets	147	378
Total current assets	$1,334	$5,247
Current liabilities:
Accounts payable	$318	$1,507
Other current liabilities	522	1,467
Total current liabilities	$840	$2,974

b. Compute the quick ratio for both companies. Round to one decimal place.

Neiman Marcus:

Kohls: