Nordstrom, inc. operates department stores in numerous states.

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.)

   

End of Year

 

Beginning of Year

Working capital

 

$

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$

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Current ratio

   

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:1

   

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:1

 







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