Solution-Compute working capital and the current ratio at

Compute working capital and the current ratio at the

Reference no: EM13572787

Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for the year ended January 31, 2009, follow

	End of Year	Beginning of Year
Cash and cash equivalents	$72	$358
Receivables (net)	1,942	1,788
Merchandise inventory	900	956
Other current assets	303	259
Total current assets	$3,217	$3,361
Total current liabilities	$1,601	$1,635

Instructions

(a) Compute working capital and the current ratio at the beginning of the year and at the end of the current year.

(b) Did Nordstrom"s liquidity improve or worsen during the year?

Reference no: EM13572787

Questions Cloud

Explain to gary voss why bbg corps net income decreased in : bbg corp is a manufacturer of a synthetic chemical. gary voss president of the company has been eager to get the

Net income for the year was 83 cash dividends were 16 the : net income for the year was 83. cash dividends were 16. the company did not dispose of any property plant and

Certain liability and net worth items generally increase : certain liability and net worth items generally increase spontaneously with increases in sales. put a check by those

Speed world cycles sells high-performance motorcycles and : speed world cycles sells high-performance motorcycles and motocross racers. one of speed worlds most popular models is

Compute working capital and the current ratio at the : nordstrom inc. operates department stores in numerous states. selected financial statement data in millions of dollars

You just signed a consulting contract that will pay you : you just signed a consulting contract that will pay you 38000 52000 and 85000 annually at the end of the next three

Matrix stores inc is considering leasing a building and : matrix stores inc. is considering leasing a building and purchasing the necessary equipment to operate a retail store.

Rosman co had three major business transactions during : rosman co. had three major business transactions during 2012.a reported at its fair value of 260000 merchandise

A piece of equipment has a cost of 20000 the equipment will : a piece of equipment has a cost of 20000. the equipment will provide cost savings of 3500 each year for ten years after

User Account

All Pages

Compute working capital and the current ratio at the

Reference no: EM13572787

Reference no: EM13572787

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT