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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 $ 62 $ 308 Receivables (net) 1,670 1,538 Merchandise inventory 774 822 Other current assets 261 223 Total current assets $2,767 $2,891 Total current liabilities $1,622 $1,660 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.) End of Year Working capital $ Current ratio :1 Beginning of Year :1
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