Nordstrom operates 207 fashion specialty retail stores in 28 states. The companys actual data (slightly simplified) follow

Question:

Nordstrom operates 207 fashion specialty retail stores in 28 states. The company’s actual data (slightly simplified) follow for its fiscal year ended January 29, 2011 (in millions of dollars):

Assets, beginning of period ……………. $6,579

Assets, end of period ………………………… E

Liabilities, beginning of period ……………… A

Liabilities, end of period …………………. 5,441

Paid-in capital, beginning of period …….. 1,066

Paid-in capital, end of period ……………….. D

Retained earnings, beginning of period …… 506

Retained earnings, end of period ……………. C

Revenues ………………………………… 9,700

Costs and expenses ………………………….. B

Net income ………………………………… 613

Dividends …………………………………. 266

Additional investments by stockholders ….. 102

Find the unknowns (in millions), showing computations to support your answers.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Introduction to Management Accounting

ISBN: 978-0133058789

16th edition

Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta

Question Posted: