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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 $ 730

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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 $ 730 Beginning of Year $ 65 1,800 860 1,910 Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities 800 510 425 $3,150 $3,950 $2,060 $1,630 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 1.92 :1 Accounts receivable turnover times Average collection period days Inventory turnover 6.10 times Days in inventory 59.84 days e Textbook and Media Assistance Used e Textbook Save for Later Attempts: 3 of 7 used Submit

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