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 |
$ 795 |
$ 72.0 |
Accounts receivable (net) |
2,035 |
1,942 |
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 net cash provided by operating activities was $1,251 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:
Current cash debt coverage
Accounts receivable turnover
Average collection period
Inventory turnover
Days in inventory