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16 Sharp Uniforms designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. Selected
16 Sharp Uniforms designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. Selected information from the company's balance sheet follows. SHARP (in millions) CurrentLast Year Year Select Income Statement Information Net revenue Cost of goods sold Selling, general, and administrative expenses Interest expense Income tax expense Net income Select Statement of Cash Flows Information Cash paid for interest Cash flows from operating activities Select Balance Sheet Information $4.570 $4 334 2,664 2,547 1,312 1,240 90 242 392 211 342 74 653 78 580 388 15 Cash and equivalents Marketable securities Accounts receivable Inventories Prepaid expense and other current assets Accounts payable Current accrued expenses Current portion of long-term debt Other current liabilities Long-term debt 531 526 532 269267 195 422 10 120 130 378 26 1,345 1319 Required Compute the following ratios: (Round your answers to 2 decimal places.) Receivable turnover ratio Inventory turnover 8.64 9.94 1.83 ratio Current ratio Cash ratio Times interest earned ratio Cash coverage ratio
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