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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. End of Year
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. End of Year Beginning of Year Cash and cash equivalents $ 90 $ 370 Receivables (net) 1,920 1,750 Merchandise inventory. 678 855 Other current assets 315 285 Total current assets $3,003 $3,260 Total current liabilities $1,540. $1,630 (a) 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, eg. 15.25.) Beginning of Year End of Year Working capital $ $ Current ratio 1 eTextbook and Media Save for Later :1 Attempts: 0 of 5 used Submit
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