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E18-5 Suppose Nordstrom, Inc,, which operates department stores in numerous states, Compute liquid has the following selected financial statement data for a recent vear. compare

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E18-5 Suppose Nordstrom, Inc,, which operates department stores in numerous states, Compute liquid has the following selected financial statement data for a recent vear. compare result (LO2) For the year, net sales were $8,258 and cost of goods sold was $5,328 (in millions). Instructions (a) Compute the four liquidity ratios at the end of the year. (b) Using the data in the chapter, compare Nordstrom's liquidity with (1) that of Maray, Inc., and (2) the industry averages for department stores

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