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Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2025 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 2025 are presented below. End of Year Beginning of Year Cash and cash equivalents $790 $75 Accounts receivable (net) 2,080 1,870 Inventory 870 830 Other current assets 420 505 Total current assets $4.160 $3,280 Total current liabilities $2,090 $1,600 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. 1.83 and all other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.) Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory Save for Later :1 times days times days Attempts: 0 of 3 used Submit Answer

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