provide an analysis of the Nordstrom’s working capital policy and changes to this policy over a ten-year period. Your working capital analysis should include the following:
1) overall level and change in WC over the time period and the factors that caused these changes;
2) calculation of the Cash Conversion Cycle for the beginning and ending period and a discussion of causal factors and implication of these changes;
3) overall assessment of the firm’s working capital policy (i.e., is it conservative, moderate, or aggressive?). Compare your results to the firm’s industry averages.