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

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Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. Beginning of End of Year Year Cash and cash equivalents $1,017 $94 Accounts receivable (net) 2,600 2,500 Inventory 1,200 1,200 Other current assets 423 394 Total current assets $5,240 $4,188 Total current liabilities $2,620 $2,081 For the year, net credit sales were $10,710 million, cost of goods sold was $6,960 million, and net cash provided by operating activities was $1,272 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.) Current ratio Accounts receivable turnover Average collection period :1 times days

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