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Assume Nordstrom prepares budgets quarterly. The following information is available for use in planning the second quarter budgets for one of its stores ( in

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Assume Nordstrom prepares budgets quarterly. The following information is available for use in planning the second quarter budgets for one of its stores (in thousands).
\table[[\table[[NORDSTROM],[Balance Sheet],[March 31]]],[Cash,$2,525,Merchandise purchases payable,$2,400
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