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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 Year
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 $ 294 $ 59 1.592 1.466 Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets 738 784 248 212 Total current assets $ 2,637 $2.756 $ 1,582 $1,628 Total current liabilities 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.) End of Year Beginning of Year Working capital $ :1 Current ratio e Textbook and Media Did Nordstrom's liquidity improve or worsen during the year? e Textbook and Media
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