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Cintas Corporation designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. The company's
Cintas Corporation designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. The company's stock is traded on the NASDAQ and has provided investors with significant ROES over the past few years. Selected information from the company's statement of financial position follows. The company reported revenue of $6,477.3 million and cost of sales of $3,603.1 million for fiscal year 2018: CINTAS CORPORATION Statement of Financial Position As of May 31 (amounts in thousands) 2018 2017 Cash and cash equivalents $145.7 $176.3 Short-term investments 22.9 Accounts receivable, less allowance of $34 and $21, 811.6 743.0 respectively Inventories, net 287.3 285.2 Prepaid expenses 33.1 30.8 Accounts payable 222.1 184.1 Accrued compensation and related liabilities 147.7 156.6 Accrued liabilities 427.1 436.8 Debt due within one year 369.9 Required: Compute the current ratio, quick ratio, inventory turnover ratio, and receivables turnover ratio (assuming that 80 percent of sales were on credit) for 2018. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Current ratio Quick ratio Inventory turnover ratio times Receivables turnover ratio times
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