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Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2022 are as follows Cash and cash equivalents Accounts
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2022 are as follows Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities End of Year $ 790 2,080 870 420 $4,160 $2090 Beginning of Year $75 1.870 830 505 $3.280 $1,600 For the year, net credit sales were 58,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1.251 million Compute the current ratlo, 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, eg. 1.83 and all other answers to 1 decimal place. 3. 18, Use 365 days for calculation) :1 Current ratio times Accounts receivable turnover Average collection period days times Inventory turnover days Days in inventory Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2022 are as follows Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities End of Year $ 790 2,080 870 420 $4,160 $2090 Beginning of Year $75 1.870 830 505 $3.280 $1,600 For the year, net credit sales were 58,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1.251 million Compute the current ratlo, 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, eg. 1.83 and all other answers to 1 decimal place. 3. 18, Use 365 days for calculation) :1 Current ratio times Accounts receivable turnover Average collection period days times Inventory turnover days Days in inventory
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