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Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data ( in millions ) for 2 0 2 2 are presented below.
Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data in
millions for are presented below.
For the year, net credit sales were $ million, cost of goods sold was $ million, and net cash provided by
operating activities was $ 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 decimal places, eg and all other answers
to decimal place, eg
Current ratio
Accounts receivable turnover
Average collection period
Inventory turnover
Days in inventory
Days in inventory
eTextbook and Media
:
times
days
times
days
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