Business
Business, 26.06.2019 18:40, zitterkoph

Suppose nordstrom, inc., which operates department stores in numerous states, has the following selected financial statement data for a recent year. nordstorm, inc. balance sheet (partial) (in millions) end-of-year beginning-of-year cash and cash equivalents $ 1,431 $ 130 accounts receivable (net) 3,663 3,496 inventory 1,616 1,620 prepaid expenses 158 167 other current assets 428 378 total current assets $7,296 $5,791 total current liabilities $3,625 $2,882 for the year, net sales were $14,864 and cost of goods sold was $9,590 (in millions). (a) 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

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