Question
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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