Financial Accounting: Tools for Business Decision Making, 8th Edition
Financial Accounting: Tools for Business Decision Making, 8th Edition
8th Edition
ISBN: 9781118953808
Author: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
Publisher: WILEY
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Chapter 2, Problem 2.9E

Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for a recent year follow.

Chapter 2, Problem 2.9E, Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in , example  1

  Instructions

  1. (a) Compute working capital and the current ratio at the beginning of the year and at the end of the year.
  2. (b) Did Nordstrom’s liquidity improve or worsen during the year?
  3. (c) Using the data in the chapter, compare Nordstrom's liquidity with Best Buy’s (see page 53).

Page 55:

Current ratio:

Chapter 2, Problem 2.9E, Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in , example  2

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Blue Fin started the current year with assets of $840,000, liabilities of $420,000, and common stock of $240,000. During the current year, assets increased by $480,000, liabilities decreased by $60,000 and the common stock increased by $330,000. There was no payment of dividends to owners during the year. What was the amount of Blue Fin's change in total stockholders' equity during the years? A. $420,000 increase B. $300,000 increase C. $240,000 increase D. $540,000 increase
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Financial Accounting: Tools for Business Decision Making, 8th Edition

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Financial ratio analysis; Author: The Finance Storyteller;https://www.youtube.com/watch?v=MTq7HuvoGck;License: Standard Youtube License