- Nordstrom Inc Operates Department Stores In Numerous States Selected Hypothetical Financial Statement Data In Millio 1 (151.15 KiB) Viewed 40 times
Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial
statement data (in millions) for 2022 are presented below. Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities End of Year $1,100 2,700 1,200 440 $5,440 $2,720 Beginning of Year $97 2,600 1,200 410 $4,307 $2,161 For the year, net credit sales were $11,130 million, cost of goods sold was $7,200 million, and net cash provided by operating activities was $1,262 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round Current ratio to 2 decimal places, e.g. 1.62 and all other answers to 1 decimal place, e.g. 1.6.)
Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round Current ratio to 2 decimal places, e.g. 1.62 and all other answers to 1 decimal place, e.g. 1.6.) Current ratio Accounts receivable turnover Average collection period Inventory turnover Days in inventory :1 times days times days