Current Attempt in Progress 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) Beginning of Year $415 1,940 1,245 320 $3,920 $1,750 End of Year $85 1,910 980 310 $3,285 $1,500 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. 15.25:1. Enter dollar amounts in millions.) B
Current Attempt in Progress 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) Beginning of Year $415 1,940 1,245 320 $3,920 $1,750 End of Year $85 1,910 980 310 $3,285 $1,500 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. 15.25:1. Enter dollar amounts in millions.) B
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 2MAD: Analyze Dollar General Dollar General Corporation (DG) is a discount retailer with more than 12,000...
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