nordstrom inc operates department stores in numerous states selected financial state 500562

Nordstrom, Inc.operates department stores in numerous states. Selected financial statement data for the year ending February 2, 2008, are as follows.

For the year, net sales were $8,828, and cost of goods sold was $5,526 (in millions).

Compute the four liquidity ratios at the end of the year. (Round answers to 1 decimal place, e.g. 10.5.)

Using the data in the chapter, compare Nordstrom’s liquidity with (1) that of J.C. Penney Company, and (2) the industry averages for department stores. (Round answers to 1 decimal place, e.g. 10.5.)

Nordstrom is belowabove J.C. Penney for the current ratio
Nordstrom is abovebelow J.C. Penney for the acid-test ratio
Nordstrom is abovebelow J.C. Penney for the receivable turnover
Nordstrom is abovebelowJ.C. Penney for the inventory turnover

Nordstrom is belowabove Industry for the current ratio
Nordstrom is belowabove Industry for the acid-test ratio
Nordstrom is belowabove Industry for the receivable turnover
Nordstrom is belowaboveIndustry for the inventory turnover