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nordstrom inc operates department stores in numerous states 535507

Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions) for 2009 are presented below.

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End of Year

Beginning of Year

Cash and cash equivalents

$ 795

$ 72

Receivables (net)

2,035

1,942

Merchandise inventory

898

900

Other current assets

326

303

Total current assets

$4,054

$3,217

Total current liabilities

$2,014

$1,601

For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and cash from operations was $1,251 million.

Instructions

Compute the current ratio, current cash debt coverage ratio, receivables turnover ratio, average collection period, inventory turnover ratio, and days in inventory at the end of the current year.

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