Cmpute the current ratio current cash debt coverage

Reference no: EM13573373

Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2014 are presented below.

	End of Year	Beginning of Year
Cash and cash equivalents	$ 747	$ 83
Accounts receivable (net)	1,999	1,917
Inventory	809	822
Other current assets	498	538
Total current assets	$4,053	$3,360
Total current liabilities	$2,047	$1,639

For the year, net credit sales were $7,954 million, cost of goods sold was $5,453 million, and net cash provided by operating activities was $1,188 million.

Compute the current ratio, current cash debt coverage , accounts receivable turnover, average collection period, inventory turnover and days in inventory at the end of the current year. (Round all answers to 2 decimal places, e.g. 1.83.)

Current ratio			:1
Current cash debt coverage
Accounts receivable turnover			times
Average collection period			days
Inventory turnover			times
Days in inventory			days

Reference no: EM13573373

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