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*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.
*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) End-of-Year Beginning of - Year $ 115 Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Other current assets Total current assets Total current liabilities $ 1,272 3,256 1,437 141 381 $6.487 $3222 3,107 1,440 149 336 $5,147 $2,562 For the year net sales were $13,213 and cost of goods sold was $8,525 (in millions) (a) Compute the four liquidity ratios at the end of the year. (Round answers to I decimal place e.. 1.6.) Current ratio Acid-test ratio Accounts receivable turnover times Inventory turnover times
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