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*Exercise 2-9 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follows. End
*Exercise 2-9 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follows. End of Year Beginning of Year Cash and cash equivalents $ 78 387 Receivables (net) 2,097 1,931 Merchandise inventory 972 1,032 Other current assets 327 280 Total current assets $3,474 $3,630 Total current liabilities $1,620 $1,614 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 Did Nordstrom's liquidity improve or worsen during the year
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