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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NORDSTROM, INC. Balance Sheet (partial) (in millions) End-of-Year Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Other current assets Beginning-of-Year $72 1,942 900 795 2,035 898 93 238 $4,054 $%2,014 210 $3,217 $1,601 Total current assets Total current liabilities