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Please help, thank you! Current Attempt in Progress Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022
Please help, thank you!
Current Attempt in Progress Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. For the year, net credit sales were $11,890 million, cost of goods sold was $7,670 million, and net cash provided by operating activities was $1,258 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round Current ratio to 2 decimal places, eg. 1.62 and all other answers to 1 decimal place, e.g. 1.6.)Step by Step Solution
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