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Exercise 2-10 a-b (Part Level Submission) Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a
Exercise 2-10 a-b (Part Level Submission) Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. End of Year Beginning of Year $ 75 $ 375 1,990 1,880 688 1,125 Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets Total current liabilities 495 260 $3,248 $3,640 $1,600 $1,750 (a) Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, e.g. 15.25.) Beginning of Year End of Year Working capital $ Current ratio :1 :1 Click if you would like to Show Work for this question: Open Show Work
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