7 E13-8 Computing and Interpreting Liquidity Ratios (LO 13-4, LO 13-5) 15 points 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 $6.0 billion and Cost of Goods Sold of $4.2 billion. Fiscal Year 2016 2015 Balance Sheet (amounts in millions) Cash and Cash Equivalents $530 $425 Accounts Receivable, net 840 790 Inventories 325 Prepaid Rent and Other Current Assets 780 Accounts Payable 205 185 Salaries and Wages Payable 510 Notes Payable (short-term) 27 Other Current Liabilities 27 315 eBook 335 650 10 510 114 Hint Print Required: Assuming that all sales are on credit, compute the following ratios for 2016. (Round your answers to 2 decimal places.) r References Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio