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Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions)...

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Accounting

Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below.

End of Year

Beginning of Year

Cash and cash equivalents

$ 760

$ 77

Accounts receivable (net)

2,080

1,890

Inventory

810

890

Other current assets

730

363

Total current assets

$4,380

$3,220

Total current liabilities

$2,000

$1,610

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. (Round current ratio to 2 decimal places, 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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