Assianment Open Assignment ASSIGNMENT RESOURCES Exercise 2-9 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follows. Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets Total current liabilities End of Year $ 79 2,136 990 Beginning of Year 394 1,967 1,052 285 $3,698 $1,632 xercise 2 $3,538 $1,610 Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, e.g. 15.25.) End of Year Beginning of Year Working capital $ Current ratio LINK TO TEXT VIDEO: SIMILAR EXERCISE Did Nordstrom's liquidity improve or worsen during the year