Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for a recent year follow. Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets Total current liabilities (a) Working capital Current ratio Beginning of Year $358 1,788 S 956 259 $3,361 $1,635 End of Year Beginning of Year $72 1,942 Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, eg 15.25) 900 303 $3.217 $1,601 a million End of Year trillion -1
Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for a recent year follow. Cash and cash equivalents Receivables (net) Merchandise inventory Other current assets Total current assets Total current liabilities (a) Working capital Current ratio Beginning of Year $358 1,788 S 956 259 $3,361 $1,635 End of Year Beginning of Year $72 1,942 Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2 decimal places, eg 15.25) 900 303 $3.217 $1,601 a million End of Year trillion -1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for a recent
year follow.
Cash and cash equivalents
Receivables (net)
Merchandise inventory
Other current assets
Total current assets
Total current liabilities
(a)
Working capital
Beginning of Year
$358
1,788
956
Current ratio
259
$3,361
$1,635
End of Year
Beginning of Year
Compute working capital and the current ratio at the beginning of the year and at the end of the year. (Round current ratio to 2
decimal places, eg. 15.25)
$72
1,942
900
303
$3,217
$1,601
million
31
$
End of Year
million
1
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