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.
Step by Step Answer:
Introduction to Management Accounting
ISBN: 978-0133058789
16th edition
Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta