00 E13-8 Computing and Interpreting Liquidity Ratios [LO 13-4, LO 13-5] 15 points 479 Trim Corporation is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2016 fiscal year, the company reported sales revenue of $4.4 billion and Cost of Goods Sold of $2.6 billion. Fiscal Year 2016 2015 Balance Sheet (amounts in millions) Cash and Cash Equivalents $37e $345 Accounts Receivable, net 52e Inventories 245 255 Prepaid Rent and Other Current Assets 540 Accounts Payable 125 Salaries and Wages Payable 350 350 Notes Payable (short-term) Other Current Liabilities eBook 499 195 Hint 82 11 11 235 Print Required: Assuming that all sales are on credit, compute the following ratios for 2016. (Round your answers to 2 decimal places.) References 2.95 Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio