Neiman Marcus and Kohl's: Short- term liquidity analysis REAL WORLD Neiman Marcus Group is one of the largest luxury fashion retailers in the world. Kohl's Corporation sells moderately priced private and national branded products through more than 1,100 department stores located throughout the United States. The current assets and current liabilities at the end of a recent year for both companies are as follows (in millions): Neiman Marcus Kohl's Current assets: Cash Inventories Other current assets Total current assets $ 197 1,069 $1,407 3.814 $1410 $5.698 Current liabilities: Accounts payable Other current liabilities Total current liabilities $ 375 482 $ 857 $1,511 1.348 $2,859 1. - Would an analysis of working capital between the two companies be meaningful? Explain. 2. Compute the quick ratio for both companies. (Round to the nearest decimal.) Interpret your results. 4. Remember what is considered a "quick asset." Also, are these companies a suitable comparison as retail department stores? Why or why not? This could also be answered as a part of question #1. Why is it important to compare your business to another? What would that indicate for the analysts and/or management of a business