Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for...

 

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Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2025 are presented below. End of Year Beginning of Year Cash and cash equivalents $800 $65 Accounts receivable (net) 2,050 1,870 Inventory 900 860 Other current assets 210 355 Total current assets $3,960 $3,150 Total current liabilities $2,100 $1,620 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.) Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2025 are presented below. End of Year Beginning of Year Cash and cash equivalents $800 $65 Accounts receivable (net) 2,050 1,870 Inventory 900 860 Other current assets 210 355 Total current assets $3,960 $3,150 Total current liabilities $2,100 $1,620 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory for the current year. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, eg. 1.8. Use 365 days for calculation.)

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