Question: Please Support with Part A & B: Compute liquidity ratios and compare results. E23 (LO 2), AP Nlor'dstrom= Inc. operates department stores in numerous states.

Please Support with Part A & B:

Compute liquidity ratios and compare results. E23 (LO 2), AP Nlor'dstrom= Inc. operates department stores in numerous states. Selected nancial statement data (in millions of dollars) for a recent year follow. End of Year Beginning of Year Cash and cash equivalents $ 72 $ 358 Receivables (net) 1,942 1,788 Merchandise inventory 900 956 Other current assets 303 259 Total current assets $3,217 33,361 Total current liabilities $1,601 $1,635 Instructions a. Compute working capital and the current ratio at the beginning of the year and at the end of the year. b. Did Nordst'rorn's liquidity improve or worsen during the year? 0.. Using the data in the chapter, compare Nordstromis liquidity with that of Best Buy

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