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Nordstrom, Inc. operates departme are presented below. Cash and cash equivalents Accounts receivable (net) Inventory Other current asset Total current assets Total current liabilities End
Nordstrom, Inc. operates departme are presented below. Cash and cash equivalents Accounts receivable (net) Inventory Other current asset Total current assets Total current liabilities End of Year $1,357 3,800 1,700 603 $7,460 $3,730 Beginning of Year $133 3,600 1,700 561 $5,994 $2,962 For the year, net credit sales were $15,170 million, cost of goods sold was $9,860 million, and net cash provided by operating activities was $1,263 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round Current ratio to 2 decimal places, e.g. 1.62 and all other answers to 1 decimal place, e.g. 1.6.) For the year, net credit sales were $15,170 million, cost of goods sold was $9,860 million, and net cash provided by operating activities was $1,263 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round Current ratio to 2 decimal places, e.s. 1.62 and all other answers to 1 decimal place, e.g. 1.6.) For the year, net credit sales were $15,170 million, cost of goods sold was $9.860 million, and net cash provided by operating activities was $1,263 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round Current ratio to 2 decimal places, e.g. 1.62 and all other answers to 1 decimal place, e.8. 1.6 .)
Nordstrom, Inc. operates departme are presented below. Cash and cash equivalents Accounts receivable (net) Inventory Other current asset Total current assets Total current liabilities End of Year $1,357 3,800 1,700 603 $7,460 $3,730 Beginning of Year $133 3,600 1,700 561 $5,994 $2,962 For the year, net credit sales were $15,170 million, cost of goods sold was $9,860 million, and net cash provided by operating activities was $1,263 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round Current ratio to 2 decimal places, e.g. 1.62 and all other answers to 1 decimal place, e.g. 1.6.)
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