Cmpute the current ratio current cash debt coverage

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Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2014 are presented below.



End of Year


Beginning of Year

Cash and cash equivalents

$ 747


$ 83

Accounts receivable (net)

1,999


1,917

Inventory

809


822

Other current assets

498


538

Total current assets

$4,053


$3,360

Total current liabilities

$2,047


$1,639

For the year, net credit sales were $7,954 million, cost of goods sold was $5,453 million, and net cash provided by operating activities was $1,188 million.

Compute the current ratio, current cash debt coverage , accounts receivable turnover, average collection period, inventory turnover and days in inventory at the end of the current year. (Round all answers to 2 decimal places, e.g. 1.83.)

Current ratio

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:1
Current cash debt coverage

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Accounts receivable turnover

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times
Average collection period

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days
Inventory turnover

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times
Days in inventory

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days

Reference no: EM13573373

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