Question 7 --/1 View Policies Current Attempt in Progress Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2019 are presented below. End of Year Beginning of Year Cash and cash equivalents $ 740 $ 77 Accounts receivable (net) 1,980 1,830 Inventory 900 910 Other current assets 310 443 Total current assets $3,930 $3,260 Total current liabilities $1,990 $1,630 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 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 current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Current ratio 1.98 :1 Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days e Textbook and Media Save for Later Last saved 1 second ago. Attemnts of 3 used Submit