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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 $62 $1,074
Inventories 1,125 3,795
Other current assets 147 378
Total current assets $1,334 $5,247
Current liabilities:
Accounts payable $318 $1,507
Other current liabilities 522 1,467
Total current liabilities $840 $2,974

b. Compute the quick ratio for both companies. Round to one decimal place.

Neiman Marcus:

Kohls:

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