question archive INT Nordstrom, Inc
INT Nordstrom, Inc
Subject:BusinessPrice: Bought3
INT Nordstrom, Inc. (USA) operates department stores in numerous states. The following is a selected financial statement data for recent year. Nordstrom, Inc. Statement of Financial Position (partial) in millions) End-of-Year Beginning-of-Year Other current assets $ 245 $ 237 BEER 19 92 86 Prepaid expenses Merchandise Inventory 1.555 1,385 2.215 2.133 Accounts receivable (net) Cash and cash equivalents Total current assets 1.208 1.303 $5,315 $5,144 Total current liabilities $2.580 $2275 24509 For the year, net credit were $12.414 million cost of goods sold was 57.884 (in millions) (a) Compute the four liquidity ratios at the end of the year. (Round answers to 1 decimal place. eg. 16 Cash and cash equivalents 1.208 1,303 Total current assets $5,315 $5,144 Total current liabilities $2.580 $2,275 For the year, net credit were $12,414 million cost of goods sold was $7,884 (in millions) (a) Compute the four liquidity ratios at the end of the year. (Round answers to 1 decimal place, es, 1.6) Current ratio 31 Acid-test ratio :1 6484 Accounts receivable turnover times Inventory turnover times Save for Later Attempts: unlimited Schmit Answer
