nd E14-5 Suppose Nordstrom, Inc., which operates department stores in numerous states, has the following selected financial statement data for a recent year. NORDSTROM, INC. Balance Sheet (partial) (in millions) End-of-Year Beginning-of-year Cash and cash equivalents 795 Accounts receivable (net) 2,035 1,942 Inventory 898 Prepaid expenses 900 other current assets 238 Total current assets $4,054 Total current liabilities $2,014 $1,601 For the year, net sales were $8,258 and cost of goods sold was $5,328 (in millions)