Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for

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Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for the year ended January 31, 2009, follow

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Instructions(a) Compute working capital and the current ratio at the beginning of the year and at the end of the current year.(b) Did Nordstrom's liquidity improve or worsen during the year?(c) Using the data in the chapter, compare Nordstrom's liquidity with Best Buy's.

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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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