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Exercise 18-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. End of Year

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Exercise 18-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. End of Year Beginning of Year Cash and cash equivalents $ 1,289 $126 Accounts receivable (net) 3,600 3,400 Inventory 1,600 1,600 Other current assets 571 531 Total current assets $7,060 $5,657 Total current liabilities $3,530 $2,802 For the year, net credit sales were $14,350 million, cost of goods sold was $9,280 million, and net cash provided by operating activities was $1,255 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 times Accounts receivable turnover days Average collection period times Inventory turnover days Days in inventory

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