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Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. End of Year Beginning of

Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below.

End of Year

Beginning of Year

Cash and cash equivalents

$ 1,291 $ 126

Accounts receivable (net)

3,600 3,400

Inventory

1,598 1,600

Other current assets

571 531

Total current assets

$7,060 $5,657

Total current liabilities

$3,530 $2,802

For the year, net credit sales were $14,350 million, cost of goods sold was $9,280 million, and net cash provided by operating activities was $1,255 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round answers to 1 decimal place, e.g. 1.6.)

Current ratio

enter ratio rounded to 1 decimal place :1

Accounts receivable turnover

enter a number of times rounded to 1 decimal place times

Average collection period

enter a number of days rounded to 1 decimal place days

Inventory turnover

enter a number of times rounded to 1 decimal place times

Days in inventory

enter a number of days rounded to 1 decimal place days

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