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Exercise 14-5 Suppose Nordstrom, Inc., which operates department stores in numerous states, has the following selected nancial statement data for the year ending January 30, 2012. NORDORM, INC. Balance Sheet (partial) Cash and cash equivalents $ 1,073 $ 97 Accounts receivable (net) 2,747 2,622 Inventory 1,212 1,215 Prepaid expenses 119 126 other current assets 321 284 Total current assets $5,472 $4.344 Total current liabilities $2,719 $2,161 For the year, net sales were $11,148 and cost of goods sold was $7,193 (in millions). (3) Compute the four liquidity ratios at the end of the year. (Round answers to 1 decimal place, e.g. 1.6.) Current ratio :1 Acid-test ratio :1 Accounts receivable turnover times Inventory turnover times