Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Table of Contents Nordstrom, Inc. Consolidated Balance Sheets (in millions) Assets January 29, 2022 January 30, 2021 Current assets Cash and cash equivalents Accounts

image text in transcribedimage text in transcribed

Table of Contents Nordstrom, Inc. Consolidated Balance Sheets (in millions) Assets January 29, 2022 January 30, 2021 Current assets Cash and cash equivalents Accounts receivable, net Merchandise inventories Prepaid expenses and other Total current assets $322 5681 255 245 2.289 1.363 306 853 3,172 1642 Land, property and equipment, net 1.562 3.732 Operating lease right-of-use assets 1,496 1581 Goodwill 249 249 Other assets 390 334 Total assets 58.869 $9.538 Liabilities and Shareholders' Equity Current liabilities Accounts payable $1,529 $1.960 Accrued salaries, wages and related benefits 383 352 Current portion of operating lease tables 242 260 Other current liabilities 1,160 1048 Current portion of long-term debt 500 Total current liabilities Long-term debt, net 3.314 4.120 2.853 2769 1.556 1687 565 857 Non-current operating lease abilities Other liabilities Commitments and contingencies (Note 13) Shareholders' equity Common stock, no par value: 1,000 shares authorized; 159.4 and 157.8 shares issued and outstanding 3.283 3205 Accumulated deficit (2,652) (2.830 Accumulated other comprehensive loss (50) (70 Total shareholders' equity 581 305 Total liabilities and shareholders' equity $8.869 59.538 The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting IFRS

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

3rd edition

1119372933, 978-1119372936

More Books

Students also viewed these Accounting questions

Question

What is geo-demographic segmentation?

Answered: 1 week ago