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Question 3 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. End of Year

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Question 3 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. End of Year Beginning of Year Cash and cash equivalents $ 948 $ 86 Accounts receivable (net) 2,400 2,300 Inventory 1,100 1,100 Other current assets 392 364 Total current assets $4,840 $3,850 Total current liabilities $2,420 $1,921 For the year, net credit sales were $9,870 million, cost of goods sold was $6,380 million, and net cash provided by operating activities was $1,271 million Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round answers to 1 decimal place, e.g. 1.6.) Current ratio :1 Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days LINK TO TEXT

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