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

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Accounting

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Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2017 are presented below. For the year, net credit sales were $8.258 million, cost of goods sold was $5.328milli, and net cash provided by operating activities was $1.251 million. Compute the current ratio, accounts recelvable 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. 1.83 and aff other answers to 1 decimal place, eg 1.8. Use 365 days for calculotion] Current ratio :1 Accounts receivable turnover times Average collection period days Inventory turnover times Days in inventory days

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