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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
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 $ 770 Beginning of Year $ 69 1,950 1,880 Cash and cash equivalents Accounts receivable (net) Inventory Other current assets 810 590 860 331 $3,140 Total current assets $4,120 Total current liabilities $2,030 $1,640 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.) 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 Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days
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