Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for...

 

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Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities End of Year $ 1,357 Beginning of Year $ 133 3,800 3,600 1,700 1,700 603 561 $7,460 $3,730 $5,994 $2,962 For the year, net credit sales were $15,170 million, cost of goods sold was $9,860 million, and net cash provided by operating activities was $1,263 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round answers to 1 decimal place, e.g. 1.6.) Current ratio :1 Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities End of Year $ 1,357 Beginning of Year $ 133 3,800 3,600 1,700 1,700 603 561 $7,460 $3,730 $5,994 $2,962 For the year, net credit sales were $15,170 million, cost of goods sold was $9,860 million, and net cash provided by operating activities was $1,263 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round answers to 1 decimal place, e.g. 1.6.) Current ratio :1 Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days