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Nordstrom, Inc. operates desartment stores in numerous states. Salacted hypothetical financial statement data lin millions) for 2022 ara presented below. End of Year Beginning
Nordstrom, Inc. operates desartment stores in numerous states. Salacted hypothetical financial statement data lin millions) for 2022 ara presented below. End of Year Beginning of Year Cash and cash aouivalents $740 Accounts receivable (net 1,910 1,900 Invantory 830 850 Other current assets 804 475 Total currant assets $4,284 S3,210 Total current liabilitias $2040 $1,610 For the year, net credit sales were $9.275 millian, cost of goods sold vas $5.292 million, and nat cash provided by operating activities was $1,251 millian. Compute the current ratio, accounts recsivable turnover, average coliection period, inventory turnover, and days in inventory at the and of the current year. (Round current ratio to 2 decimal places, eg. 1.82 and all ather answers to i decimal place, eg. 1.8. Use 365 days for calculation.) Current ratio Accounts receivable turnover times Average collection period days Inventory tumover times Days in imventory days
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Required 1 Current ratio Current assets Current liabilities 4240 2040 208 1 Required 2 Receivab...Get Instant Access to Expert-Tailored Solutions
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