Nordstrom, Inc. Operates Department
Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data for the year ending January 30, 2010, are shown below.
Nordstrom, Inc.
Balance Sheet (partial)
(in millions)
End-of-Year
Beginning-of-Year
Cash and cash equivalents $ 795 $ 72
Accounts receivable (net) 2,035 1,942
Merchandise inventory 898 900
Prepaid expenses 88 93
Other current assets 238 210
Total current assets $4,054 $3,217
Total current liabilities $2,014 $1,601
For the year, net sales were $8,258 and cost of goods sold was $5,328 (in millions).
Compute the four liquidity ratios at the end of the year. (Round all answers to 1 decimal place, e.g. 1.6 .)
Current ratio
:1
Acid-test ratio
:1
Receivables turnover
? times
Inventory turnover
? times
12 years ago
Purchase the answer to view it

- 8586727.xlsx