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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. Cash and

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

Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets Total current liabilities End of Year $ 65 2,050 990 315 $3,420 $1,520 Beginning of Year $ 395 1,760 1,355 285 $3,795 $1,650 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 $ $ Current ratio :1 :1 e Textbook and Media Did Nordstrom's liquidity improve or worsen during the year? e Textbook and Media

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