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Exercise 14-7 Your answer is partially correct. Try again. Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for

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Exercise 14-7 Your answer is partially correct. Try again. Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. End of Year $ 1,084 2,800 1,300 Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities Beginning of Year $ 101 2,700 1,300 424 $4,525 $2,241 456 $5,640 $2,820 For the year, net credit sales were $11,550 million, cost of goods sold was $7,410 million, and net cash provided by operating activities was $1,274 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 answers to 1 decimal place, e.g. 1.6.) Current ratio 2 :1 M Accounts receivable turnover times M Average collection period days Inventory tumover 5.7 times Days in Inventory 64 days Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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