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Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) fa a recent year follow. Beginning of
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) fa a recent year follow. Beginning of Year End of Year Cash and cash equivalents $ 450 $ 100 Receivables (net) 1,940 2,000 Merchandise inventory 841 595 Other current assets 295 365 Total current assets $3,526 $3,060 Total current liabilities $1,720 $1,530 (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, e.g. 15.25.) Beginning of Year End of Year Working capital $ $ Current ratio :1
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