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Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. Beginning of Year

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Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. Beginning of Year $ 83 Cash and cash equivalents Accounts receivable (net) Inventory Other current assets End of Year $ 760 1,930 830 920 1,810 860 527 Total current assets $4,440 $3,280 Total current liabilities $2,100 $1,630 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 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 current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Current ratio Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days

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