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Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data...

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Exercise 13-07 Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. Cash and cash equivalents Accounts receivable (net) Inventory Other current assets End of Year $ 750 1,910 840 Beginning of Year $ 73 1,900 910 910 417 Total current assets $4,410 $3,300 Total current liabilities $2,070 $1,590 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 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. nd current ratio to 2 decimal aces, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.) Current ratio :1 Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days

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