(Answered) Nordstrom inc operates department stores in numerous states

Finance

Nordstrom, Inc. operates department stores in numerous states. Selected financial statement data (in millions of dollars) for the year ended January 31, 2009, follow

	End of Year	Beginning of Year
Cash and cash equivalents	$72	$358
Receivables (net)	1,942	1,788
Merchandise inventory	900	956
Other current assets	303	259
Total current assets	$3,217	$3,361
Total current liabilities	$1,601	$1,635

Instructions

(a) Compute working capital and the current ratio at the beginning of the year and at the end of the current year.

(b) Did Nordstrom"s liquidity improve or worsen during the year?

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