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



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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