Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2014 are presented below: End of the Year Beginning
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2014 are presented below:
End of the Year | Beginning of the year | |
Cash and cash equivalents | 795 | 72 |
Accounts receivables (net) | 2,035 | 1,942 |
Inventory | 898 | 900 |
Other current assets | 326 | 303 |
Total current assets | 4,054 | 3,217 |
Total current liabilities | 2,014 | 1,601 |
For the year, net credit sales were Rs. 8,258 million, cost of goods sold was Rs. 5,328million and net cash provided by operating activities was Rs. 1,251 million.
Compute: i) Current Ratio
- ii) Quick Ratio
- ii) Inventory turnover Ratio
iii) Days in inventory
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