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Current Attempt in Progress Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial...

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Accounting

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Current Attempt in Progress Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below. For the year, net credit sales were $8,232 million, cost of goods sold was $5,292 million, and net cash provided by operating activities was $1,251 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round current ratio to 2 decimal places, es. 1.82 and oll other answers to 1 decimal ploce, es. 1.2. Use 365 doys for calculation.) For the year, net credit sales were $8,232 million, cost of goods sold was $5,292 million, and net cash provided by operating activities was $1,251 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round current ratio to 2 decimal ploces, es. 1.82 and all other answers to 1 decimal ploce, es. 1.8. Use 365 doys for calculation.)

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