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Nordstrom, Inc. operates department stores in nume...




Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions) for 2007 are presented here. End of Year Beginning of Year Cash and cash equivalents $358 $403 Receivables (net) 1,788 684 Merchandise inventory 956 997 Other current assets 259 658 Total current assets $3,361 $2,742 Total current liabilities $1,635 $1,433 For the year, net credit sales were $8,828 million, cost of goods sold was $5,526 million, and cash from operations was $161 million. Compute the following. (Round all ratios to 3 decimal places, e.g. 24.511. Use these rounded amounts for future calculations.) Current ratio :1 Current cash debt coverage ratio Receivables turnover ratio times Average collection period days Inventory turnover ratio times Days in inventory at the end of the current year days


Paper#2384 | Written in 18-Jul-2015

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