Question: Hello Tutor, could you help me with Problem 14-5A a and Exercise 14-11. thanks Exercise 14-7 Nordstrom, Inc. operates department stores in numerous states. Suppose



Hello Tutor, could you help me with Problem 14-5A a and Exercise 14-11. thanks




Exercise 14-7 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. End of Year Beginning of Year Cash and cash equivalents $ 1,357 $ 133 Accounts receivable (net) 3,800 3,600 Inventory 1,700 1,700 Other current assets 603 561 Total current assets $7,460 $5,994 Total current liabilities $3,730 $2,962 For the year, net credit sales were $15,170 million, cost of goods sold was $9,860 million, and net cash provided by operating activities was $1,263 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. ( Round answers to 1 decimal place, e.g. 1.6.) Current ratio :1 Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory daysProblem 14-54 3 Suppose selected financial date of Target and Wal-Mart for 2020 are presented here (in millions). Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year Net sales $65,357 $400,214 Cost of goods sold 45.583 304,657 Selling and administrative expanses 15,101 79,607 Interest expense 707 2,065 Other income (expense) (94) (411) Income tax expense 1,384 7,139 Net income $ 2.406 # 14,335 Balance Sheet Data (End of Year) Current assets $18,424 $48,331 Noncurrent assets 26,109 122,375 Total assets $44,533 $170,706 Current liabilities 411,327 $55,561 Long-term debt 17,859 44,089 Total stockholders equity 15,347 71,056 Total liabilities and stockholders' equity $44.533 $170,706 Raninninn of Your ItalancayLong-term debt 17,859 44,089 Total stockholders' equity 15,347 71,056 Total liabilities and stockholders equity $44.533 $170,706 Beginning-of-Year Balances Total assets $44,106 $163,429 Total stockholders' equity 13,712 65,682 Current liabilities 10,512 55,390 Total liabilities 30,394 97.747 Other Data Average net accounts receivable $7.525 $4,025 Average inventory 6,942 33.836 Net cash provided by operating activities 5,981 26,249Capital expenditures 1,720 12.184 Dividends 196 4,217 (a) For each company, compute the following ratios. ( Enter free cash flow in mitions, Round Currcry ratio to 2 decimal places, co. 1.07. Round debt to assets rabo to 0 decimal places, eg. in or 1846. Round all other answers to 1 decimal place ed. Dis, or 1.696. Use 365 days for calorlation.) Rallo Target wal Mart (1] Current ratio (2) Accounts receivable tumover times (3) Average collection period days days (4) Inventory turnover times times (5) Days in inventory days days (6) Profit margin (7) Asset turnover time times (8) Return on assets (9) Return on common stockholders equity [10) Debt to assets ratio (11) Times interest earned (12) Free cash How million million
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
