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Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. End of Year Beginning

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Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. End of Year Beginning of Year Cash and cash equivalents $750 $73 Accounts receivable (net) 1,910 1,900 Inventory 840 910 Other current assets 910 417 Total current assets $4,410 $3,300 Total current liabilities. $2,070 $1,590 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover and days in inventory at the end of the current year. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Current ratio 2.13 :1 Accounts receivable turnover 4.33 times Average collection period Inventory turnover Days in inventory 84.3 days 3 times 121.7 days

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