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Nordstrom, Inc . operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. Beginning of

Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow.

Beginning of Year End of Year

Cash and cash equivalents

$ 425 $ 80

Receivables (net)

2,030 2,040

Merchandise inventory

784 740

Other current assets

325 305

Total current assets

$ 3,564 $ 3,165

Total current liabilities

$ 1,650 $ 1,500

Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, e.g. 15.25.)

Beginning of Year

End of Year

Working capital

$

enter a dollar amount

$

enter a dollar amount

Current ratio

enter current ratio rounded to 2 decimal places

:1

enter current ratio rounded to 2 decimal places

:1

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