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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 follows. End of
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follows. End of Year Beginning of Year Cash and cash equivalents $ 58 $ 286 Receivables (net) 1,554 1,430 Merchandise inventory 720 765 Other current assets 242 207 Total current assets $2,574 $2,688 Total current liabilities $1,582 $1,632
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