Nordstrom, Inc. (USA) operates department stores in numerous sates. Selected financial statement data for the year ending January 31, 2009, are shown below.

For the year, net credit sales were $8,272, and cost of goods sold was $5,417 (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 Park Street,
(2) The industry averages for departmentstores.

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NORDSTROM, INC. Statement of Financial Position (partial) (in millions) End-of-Year Beginning-of-Year Other current assets Prepaid expenses Merchandise inventory Accounts receivable (net) Cash and cash equivalents Total current assets Total current liabilities S 210 93 900 1942 72 S3,217 S1.601 S 181 78 956 1.788 358 3.361 $1,635