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Nordstrom, inc. operates department stores in numerous states. suppose selected financial statement data (in millions) for 2017 are presented below. end of year beginning of year cash and cash equivalents $ 770 $ 69 accounts receivable (net) 1,950 1,880 inventory 810 860 other current assets 590 331 total current assets $4,120 $3,140 total current liabilities $2,030 $1,640 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 at the end of the current year. (round current ratio to 2 decimal places, e. g. 1.83 and all other answers to 1 decimal place, e. g. 1.8. use 365 days for calculation.) current ratio : 1 accounts receivable turnover times average collection period days inventory turnover times days in inventory days click if you would like to show work for this question: open show work
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Nordstrom, inc. operates department stores in numerous states. suppose selected financial statement...
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