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Analyze and compare Neiman Marcus and Kohls Neiman Marcus Group (NMG) is one of the...

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Accounting

Analyze and compare Neiman Marcus and Kohls Neiman Marcus Group (NMG) is one of the largest luxury fashion retailers in the world. Kohls Corporation (KSS) sells moderately priced private and national branded products through more than 1,100 department stores located throughout the United States.

The current assets and current liabilities at the end of a recent year for both companies are as follows (in millions):

Neiman Marcus - Kohls Current assets:

Cash $39 - $723

Inventories 1,116- 3,537

Other current assets 158 - 389

Total current assets $1,313 - 4649

Neiman Marcus - Kohls Current liabilities:

Accounts payable: $319 - $1,206

Other current liabilities: 541 - 1,563

Total current liabilities $860 - $2,769

Compute the quick ratio for both companies. Round your answers to two decimal places.

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