Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions) for 2007 are presented below.
|
End of Year |
Beginning of Year |
|
|
Cash and cash equivalents |
$ 358 |
$ 403 |
|
Receivables (net) |
1,788 |
684 |
|
Merchandise inventory |
956 |
997 |
|
Other current assets |
259 |
658 |
|
Total current assets |
$3,361 |
$2,742 |
|
Total current liabilities |
$1,635 |
$1,433 |
For the year, net credit sales were $8,828 million, cost of goods sold was $5,526 million, and cash from operations was $161 million.
Instructions
Compute the current ratio, current cash debt coverage ratio, receivables turnover ratio, average collection period, inventory turnover ratio, and days in inventory at the end of the current year.