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 |