RESOURCES MESSAGE HY INSTRUCTOR Exercise 14-5 4-1 Suppose Nordstrom, Inc, which operates department stores in numerous states, has the following selected financial statement d NORDSTORM, INC. Balance Sheet (partial) 4-7 14-8 14-11 4-2A 14-4A (Part (in millions) End-of-Year B Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Other current assets Total current assets Total current liabilities $ 1,034 2,646 1,167 114 309 $5,270 $2,618 $ 94 2,525 1,170 121 273 $4,183 $2,081 ore sults by ective For the year, net sales were $10,735 and cost of goods sold was $6,926 (in millions). Compute the four liquidity ratios at the end of the year (Round answers to a decimat place. Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover times Ask me anything