AC239 Unit 1 Lab Assignment Question 4 of 6 -6 View Policies Current Attempt in Progress Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. End of Year Beginning of Year Cash and cash equivalents $1.218 $115 Accounts receivable (net) 3.300 3,100 Inventory 1,400 1,400 Other current assets 522 485 Total current assets $6,440 $5,100 Total current liabilities $3,220 $2,562 For the year, net credit sales were $13,120 million, cost of goods sold was $8,540 million, and net cash provided by operating activities was $1,270 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round Current ratio to 2 decimal places, e.g. 1.62 and all other answers to 1 decimal place, e.g. 1.6.) Current ratio 3 Accounts receivable turnover times E 01 0e) 58 6 Average collection period days Inventory turnover times Days in inventory days eTextbook and Media Attempts: 0 of 5used m