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PLINTER VERSION Exercise 18-5 Suppose Nordstrom, Inc., which operates department stores in numerous states, has the following selected financial statement data for a recent year.

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PLINTER VERSION Exercise 18-5 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 $ 954 $ 86 Accounts receivable (net) 2,442 2,330 Inventory 1,078 1,080 Prepaid expenses 106 Other current assets 286 252 Total current assets $4,866 $3,860 Total current liabilities $2,417 $1,921 112 For the year, net sales were $9,910 and cost of goods sold was $6,394 (in millions), (a) Compute the four liquidity ratios at the end of the year. (Round answers to decimal place, c.9. 1.6.) Current ratio 11 Acid-test ratio Accounts receivable turnover times Inventory turnover times

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