Nordstrom, Inc.operates department stores in numerous states. Selected financial statement data for the year ending February 2, 2008, are as follows. | NORDSTROM, INC. | | Balance Sheet (partial) | | (in millions) | End-of-Year | | Beginning-of-Year | | Cash and cash equivalents | $ 358 | | | $ 403 | | | Receivables (net) | 1,788 | | | 684 | | | Merchandise inventory | 956 | | | 997 | | | Prepaid expenses | 78 | | | 61 | | | Other current assets | 181 | | | 597 | | | Total current assets | $3,361 | | | $2,742 | | | Total current liabilities | $1,635 | | | $1,433 | |
For the year, net sales were $8,828, and cost of goods sold was $5,526 (in millions). |