ms/1776896 4005 Intro To Fin Acc Modules > AUGUST 24 - CHAPTER 2 Chapter 2 - HOMEWORK PLUS Kimmel, Accounting, 7e CALCULATOR PRINTER BACK NE SOURCES Exercise 2-10 a-b Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement date (in millions of dollars) for a recent year follow End of Year Beginning of Year Cash and cash equivalents $ 65 $ 395 Rectivables (net) 1,900 1.900 Merchandise ventory 966 Other currentes 315 Total currents $3,400 $3/4 Total current les $1,600 51.600 uts by Study Comple working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio decimal places 15.25.) Worlog Current 8 Duro's improve our dung the year? vos G O 8 9 5 6 7 0 P Y atro To Fin Acc > Modules > AUGUST 24 - CHAPTER 2 > Chapter 2 - HOMEWORK S Kimmel, Accounting, 7e Helal System Announcements CALCULATOR FINESTO NEXT Merchandise inventory Other current Total current assets Total current abilities 968 475 $3,400 $1,600 838 315 $3,488 $1,600 Compute working capital and the current ratio at the beginning of the year and the end of the yew (Round current ratio to decimal Places 15.25.) Beginning of Year End of Year $ Working Capital Currento =1 Did Nordstrom's lundity prove word the year Click if you would like to show Work for this question is ow Work Question Altent of BRITAINER c o 3 & 7 8 9 6 0 8 T Y Home 4 G H . Shift . End Help System Announcements CALCULATOR PRINTER VERSION BACK Exercise 2-10 a-b Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets Total current liabilities End of Year $ 65 1,900 968 475 $3,408 $1,600 Beginning of Year $ 395 1,940 838 315 $3,488 $1,600 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.) End of Year Beginning of Year Working capital $ $ :1 :1 Current ratio Did Nordstrom's liquidity improve or worsen during the year? 18 AM ED TI CALCULATOR PRINTER VERSION (BA 968 475 838 315 Merchandise inventory Other current assets Total current assets Total current liabilities $3,408 $1,600 $3,488 $1,600 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, eg 15.25.) Beginning of Year End of Year Working capital $ $ :1 :1 Current ratio Did Nordstrom's liquidity improve or worsen during the year? Click if you would like to Show Work for this question: Open Show Work SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 1 used 12 B C
