Question: Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions) for 2009 are presented below. For the year, net credit sales

Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions) for 2009 are presented below.

End of Year Beginning of Year $ 72 1,942 Cash and cash

For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and cash from operations was $1,251 million.InstructionsCompute the current ratio, current cash debt coverage ratio, receivables turnover ratio, average collection period, inventory turnover ratio, and days in inventory at the end of the current year.

End of Year Beginning of Year $ 72 1,942 Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets 795 2,035 898 326 900 303 $4,054 $3,217 Total current liabilities $2,014 $1,601

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