Question: Hello Tutor, could you help me with this homework please. thanks so much Exercise 14-7 Nordstrom, Inc. operates department stores in numerous states. Suppose selected

Hello Tutor, could you help me with this homework please. thanks so much

Hello Tutor, could you help me with this homework please. thanks somuch Exercise 14-7 Nordstrom, Inc. operates department stores in numerous states. Supposeselected financial statement data (in millions) for 2020 are presented below. End

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 daysExercise 14-11 Here is the income statement for Myers, Inc. Myers, Inc. Income Statement For the Year Ended December 31, 2020 Sales revenue $408,000 Cost of goods sold 218,000 Gross profit 190,000 Expenses (including $10,000 interest and $21,500 income taxes) 84,000 Net income $ 106,000 Additional information: 1. Common stock outstanding January 1, 2020, was 16,000 shares, and 24,000 shares were outstanding at December 31, 2020. 2. The market price of Myers stock was $10.00 in 2020. 3. Cash dividends of $29,680 were paid, $6,000 of which were to preferred stockholders.Compute the following measures for 2020. (Round Earnings per share to 2 decimal places, e.g. 1.65, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%.) (a) Earnings per share (b) Price-earnings ratio times (c) Payout ratio (d) Times interest earned times

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