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CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 18-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 18-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets End of Year $ 1,441 3,900 1,700 Beginning of Year $ 137 3,700 1,700 576 $6,113 $3,042 619 $7,660 $3,830 Total current liabilities For the year, net credit sales were $15,580 million, cost of goods sold was $10,200 million, and net cash provided by operating activities was $1,273 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 answers to 1 decimal place, e.g. 1.6.) Current ratio :1 Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days Click if you would like to Show Work for this question: Open Show Work
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