Exercise 18-5 Suppose Nordstrom, Inc., which operates department stores in numerous states, has the following selected financial statement data for a recent year. NORDSTORM, INC. Balance Sheet (partial) (in millions) End-of-Year Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Other current assets Total current assets Total current liabilities $ 1,232 3,154 1,392 136 369 $6,283 $3,122 Beginning-of- Year $ 112 3,010 1,395 144 326 $4,987 $2,482 For the year, net sales were $12,800 and cost of goods sold was $8,258 (in millions). (a) Compute the four liquidity ratios at the end of the year. (Round answers to 1 decimal place, e.g. 1.6.) Current ratio :1 Acid-test ratio :1 Accounts receivable turnover times Inventory turnover times Click if you would like to Show Work for this question: Open Show Work