Solution-Compute working capital and current ratio at year

Compute working capital and current ratio at year beginning

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Reference no: EM131422829

Assignment

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

	End of Year	Beginning of Year
Cash and cash equivalents	$ 82	$ 408
Receivables (net)	2,214	2,038
Merchandise inventory	1,026	1,090
Other current assets	345	295
Total current assets	$3,667	$3,831
Total current liabilities	$1,606	$1,646

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, e.g. 15.25.)

Reference no: EM131422829

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Compute working capital and current ratio at year beginning

Reference no: EM131422829

Reference no: EM131422829

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