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Answer all, last 2 pics are for question C. Thanks ompute liquidity ratios and E2-9 Nordstrom, Inc. operates department stores in numerous states. Selected financial
Answer all, last 2 pics are for question C. Thanks ompute liquidity ratios and E2-9 Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for a recent year follow. ompare restults. 0 20, AP End of Year Beginning of Year 358 72 Cash and cash equivalents 1,942 1,788 Receivables (net) 956 900 Merchandise inventory 303 Other current assets $3,217 $3,361 Total current assets $1,635 $1,601 Total current liabilities 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 Best Buy's (see page 55)
Answer all, last 2 pics are for question C. Thanks
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