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Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020. Feb. 3 11 14 18 Collected accounts receivable of $15,700. 7 Purchased equipment for $27,000 cash. Pald $4,000 for a 1-year Insurance policy Paid accounts payable of $12,100. Declared cash dividends, $4,800. Additional information: As of February 1, 2020, current assets were $132,080, and current liabilities were $50,800. Compute the current ratio as of the beginning of the month and after each transaction, (Round answers to 2 decimal places, e.g. 1.67.) Current ratio February 1 2.60:1 February 3 2.601 February 7 February 11 1 February 14 :1 February 18 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in million) for 2020 are presented below. End of Year Beginning of Year Cuth and cash equivalents $1,216 $115 Accounts receivable (net 3.300 2,100 Inventory 1,400 1,400 Other current assets 522 405 Total current 30,446 $5,100 Total current $3,220 $2,50 For the year, not credit tales were $13,120 milto, cost of goods sold was 56.540 men, and retailed w operating activities was 1,270 milion Come on the current rechtvadle tornover, werage collection period, Inventory timover, at day in inventory at the end of the current per und werden och 1. Curwa Accounts covale turnover Average collection and tary turnove Days in wwentory Says Brief Exercise 18-12 a1-a2 The following data were taken from the income statements of Mydorf Company. 2020 2019 Sales revenue $6,500,000 $6,160,000 Beginning inventory 940,000 850,000 Purchases 4,320,000 4,654,500 Ending inventory 1,060,000 940,000 Compute for each year the inventory turnover. (Round answers to 1 decimal place, e.g. 1.6.) 2020 2019 Inventory turnover times times Compute for each year the days in Inventory. (Use 365 days for calculation. Round answers to 1 decimal place, 0.g. 1.6.) 2020 2019 Days in inventory days days Question Attempts: 0 of