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Exercise 13-7 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2017 are presented below. End of Year

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Exercise 13-7 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2017 are presented below. End of Year Beginning of Year $ 760 2,040 1,840 830 Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities 340 $4,030 $3.130 $2,040 For the year, net credit sales were $8,258 million cost of goods sold was 55,326 million, and net cash provided by operating activities was $1,251 million Compute the current ratio accounts receivable turnover, average collection period, inventory tumover and days in Inventory at the end of the current year. (Round current ratio to answers to 1 decimal place, g.1.3. Use 365 days for calculation) Current ratio Accounts receivable turnover times Average collection period days Inventory turnover Days in inventory Click If you would like to show Work for this question Open Show Work

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