Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data for the year ending January 31, 2009, are shown on the next page.

For the year, net credit sales were $8,272, and cost of goods sold was $5,417 (in millions).
Instructions
(a) Compute the four liquidity ratios at the end of the year.
(b) Using the data in the chapter, compare Nordstrom€™s liquidity with
(1) That of J.C. Penney Company, and
(2) The industry averages for departmentstores.

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NORDSTROM, INC Balance Sheet (partial) in millions) End-of-Year Beginning-of-Year 358 1,788 956 Cash and cash equivalents Accounts receivable (net) Merchandise inventory Prepaid expenses Other current assets Total current assets Total current liabilities $ 72 1.942 900 93 210 $3.217 78 181 $3,361 $1,635 $1.601