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Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. Beginning of End of Year
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. Beginning of End of Year Cash and cash equivalents Accounts receivable (net) Inventory Other current assets $1,289 3,500 1,500 57: $7,060 5 126 3,400 1,500 53: $5.657 32.802 Total current assets Total current liabilities 53.530 For the year, net credit sales were $14,350 million, cost of goods sold was 59,280 million, and net cash provided by operating activities was $1,268 million Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round answers to 1 decimal place, e.g. 1.6.) Current ratio Accounts receivable turnover times Average collection period days Inventory turnover Days in inventory Click if you would like to Show Work for this questioni Open Show Work
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