Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follows. End of Year Beginning of Year Cash and cash equivalents $ 82 $ 408 Receivables (net)
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Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follows.
End of Year | Beginning of Year | |||
Cash and cash equivalents | $ 82 | $ 408 | ||
Receivables (net) | 2,214 | 2,038 | ||
Merchandise inventory | 1,026 | 1,090 | ||
Other current assets | 345 | 295 | ||
Total current assets | $3,667 | $3,831 | ||
Total current liabilities | $1,606 | $1,646 |
Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, e.g. 15.25.)
End of Year | Beginning of Year | |||||||
Working capital | $ |
| $ |
| ||||
Current ratio |
| :1 |
| :1 | ||||
10 years ago
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follows. End of Year Beginning of Year Cash and cash equivalents $ 82 $ 408 Receivables (net)
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