Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial statement data (in millions) for 2022 are presented below.
End of Year Beginning of Year
Cash and cash equivalents $750 $69
Accounts receivable (net) 2,080 1,890
Inventory 820 870
Other current assets 680 351
Total current assets $4,330 $3,180
Total current liabilities $2,090 $1,610
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, accounts receivable turnover, average collection period, inventory turnover and days in inventory at the end of the current year. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.)
Current ratio :1
Accounts receivable turnover times
Average collection period days
Inventory turnover times
Days in inventory days