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Chapter 2 Homework Question 5 of 8 -/3 1 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions

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Chapter 2 Homework Question 5 of 8 -/3 1 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. End of Year Beginning of Year Cash and cash equivalents $ 90 $ 370 Receivables (net) 1.930 2.050 Merchandise inventory 1.206 1.237 Other current assets 370 270 Total current assets $3.596 53927 Total current liabilities $1.550 $1,650 0 202

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