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Current Attempt in Progress Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year
Current Attempt in Progress 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 $ 90 2.060 Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets Beginning of Year $ 410 1.880 1,428 1.252 390 275 $3.993 $3,792 $1,600 Total current liabilities $1,650 (a) Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, e.g. 15.25.) Beginning of Year End of Year Working capital $ $ Current ratio :1 :1
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