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Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2023 are presented below. End of Year Beginning
Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2023 are presented below. End of Year Beginning of Year Cash and cash equivalents $795 $72 Accounts receivable (net) 2.035 1,942 Inventory 898 900 Other current assets 326 303 Total current assets $4.054 $3,217 Total current liabilities $2,014 $1.601 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 for the current year. (Round Current ratio to 2 decimal places, eg. 1.62 and all other answers to 1 decimal place, eg 16) Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory :1 times days times days
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