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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
times
Average collection period
days
Inventory turnover
times
Days in inventory
days
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