Question

Suppose Nordstrom, Inc., which operates department stores in numerous states, has the following selected financial statement data for the year ending January 30, 2014.


For the year, net sales were $8,258 and cost of goods sold was $5,328 (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 Macy’s Inc., and (2) the industry averages for departmentstores.


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  • CreatedJanuary 30, 2014
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