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

$ 750

$ 77

Accounts receivable (net)

2,080

1,800

Inventory

800

900

Other current assets

290

353

Total current assets

$3,920

$3,130

Total current liabilities

$2,050

$1,600

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

enter current ratio rounded to 2 decimal places

:1
Accounts receivable turnover

enter accounts receivable turnover in times rounded to 1 decimal place

times
Average collection period

enter average collection period rounded to 1 decimal place

days
Inventory turnover

enter inventory turnover in times rounded to 1 decimal place

times
Days in inventory

enter days in inventory rounded to 1 decimal place

days

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