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please answer these questions! Question 2 Suppose Nordstrom, Inc., which operates department stores in numerous states, has the following selected financial statement data for a
please answer these questions! Question 2 Suppose Nordstrom, Inc., which operates department stores in numerous states, has the following selected financial statement data for a recent year. NORDSTORM, INC. Balance Sheet (partial) (in millions) End-of Year Beginning of Year Cash and cash equivalents $1,034 $94 Accounts receivable (net) 2,646 2,525 Inventory 1,167 1,170 Prepaid expenses 114 121 Other current assets 309 273 Total current assets $5,270 84,183 Total current liabilities $2,618 52.081 V For the year, net sales were 510,735 and cost of goods sold was $6.926 (in millions), (a) Compute the four liquidity ratios at the end of the year. (Round answers to 1 decimal place, e.g. 1.6.) Current ratio :1 Acid-test ratio Accounts receivable turnover times Inventory turnover times
please answer these questions!
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