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00 E13-8 Computing and Interpreting Liquidity Ratlos [LO 13-4, LO 13.5) Cintas Corporation is the largest uniform supplier in North America. Selected Information from its
00 E13-8 Computing and Interpreting Liquidity Ratlos [LO 13-4, LO 13.5) Cintas 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 $4.9 billion and Cost of Goods Sold of $21 billion. points 2016 2015 $ 210 $435 500 eBook Fiscal Year Balance Sheet (amounts in millions) Cash and Cash Equivalents Accounts Receivable, net Inventories Prepaid Rent and Other Current Assets Accounts Payable Salaries and Wages Payable Notes Payable (Short-term) Other Current Liabilities 250 570 579 115 90 180 250 350 318 Required: Assuming that all sales are on credit, compute the following ratlos for 2016. (Do not round Intermediate calculations. Round your final answers to 2 decimal places.) References Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio
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