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CES k Exercise 18-5 Suppose Nordstrom, Inc., which operates department stores in numerous states, has the following selected financial statement data for Beginning-of- Year udy.
CES k Exercise 18-5 Suppose Nordstrom, Inc., which operates department stores in numerous states, has the following selected financial statement data for Beginning-of- Year udy. NORDSTORM, INC. Balance Sheet (partial) (in millions) End-of-Year Cash and cash equivalents $ 875 Accounts receivable (net) 2,239 Inventory 988 Prepaid expenses 97 Other current assets 262 Total current assets $4,461 Total current liabilities $2,215 $ 79 2,136 990 102 231 $3,538 $1,761 For the year, net sales were $9,084 and cost of goods sold was $5,861 (in millions). (a) Compute the four liquidity ratios at the end of the year. (Round answers to 1 decimal place, e.g. 1.6.) Current ratio :1 Acid-test ratio :1 Accounts receivable turnover times Inventory turnover times Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT MacBook Air
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