Question: Current Attempt in Progress Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year
Current Attempt in Progress Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions of dollars) for a recent year follow. Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets (a) Total current liabilities Working capital Beginning of Year $385 Current ratio 1,930 1,145 275 $3,735 $1,660 End of Year Beginning of Year $ 75 1,940 1,129 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.) 310 $3,454 $1,570 :1 tA End of Year :1
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