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Berry Companies is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2019 fiscal year, the company reported
Berry Companies is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2019 fiscal year, the company reported sales revenue of $4.8 billion and Cost of Goods Sold of $3.0 billion.
Fiscal Year | 2019 | 2018 |
---|---|---|
Balance Sheet (amounts in millions) | ||
Cash and Cash Equivalents | $ 410 | $ 365 |
Accounts Receivable, Net | 600 | 550 |
Inventory | 265 | 275 |
Prepaid Rent and Other Current Assets | 600 | 530 |
Accounts Payable | 145 | 125 |
Salaries and Wages Payable | 390 | 390 |
Notes Payable (short-term) | 90 | 15 |
Other Current Liabilities | 15 | 255 |
Required: Assuming that all sales are on credit, compute the following ratios for 2019. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)
Current Ratio | |
Inventory Turnover Ratio | |
Accounts Receivable Ratio |
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