Question
3 Sharp Uniforms designs and manufactures uniforms for corporations throughout the United States and Canada. The company's stock is traded on the NASDAQ. Selected
3 Sharp Uniforms designs and manufactures uniforms for corporations throughout the United States and Canada. The company's stock is traded on the NASDAQ. Selected information from the company's financial statements follows. (assume that all sales were credit sales) 3.34 points SHARP (in millions) Current Prior Year- Year Select Income Statement Information Net revenue $4,562 $4,326 eBook Cost of goods sold 2,652 2,539 Selling, general, and administrative expenses 1,308 1,232 12 NO Interest expense Income tax expense 230 199 Hint Net income 384 330 Print Accounts receivable References Select Statement of Cash Flows Information. Cash paid for interest Cash flows from operating activities Select Balance Sheet Information Cash and equivalents Marketable securities 70 74 633 568 523 372 - 11 518 520 Inventories 261 255 Prepaid expense and other current assets 36 30 Accounts payable 175 126 Current accrued expenses 402 362 Current portion of long-term debt 6 10 Other current liabilities 112 90 1,325 1,311 Long-term debt Required: Compute the following ratios for the current year: (Round your answers to 2 decimal places.) Receivable turnover ratio Inventory turnover ratio Current ratio Cash ratio Times interest eamed ratio Cash coverage ratio
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