CALCULATOR PRINTER VERSION BACK NEXT S Exercise 2-10 a-b Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. End of Year Beginning of Year Cash and cash equivalents $ 75 $ 405 Receivables (net) 2,100 1,920 Merchandise inventory 708 1,024 Other current assets 315 305 Total current assets $3,198 $1,560 $3,654 $1,740 Total current liabilities 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.) Working capital $ Current ratio Beginning of Year End of Year $ :1 :1 Did Nordstrom's liquidity improve or worsen during the year? Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER