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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 companys

Cintas Corporation designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. The companys stock is traded on the NASDAQ and has provided investors with significant ROEs over the past few years. Selected information from the companys statement of financial position follows. The company reported revenue of $6,478.3 million and cost of sales of $3,653.1 million for fiscal year 2018:

CINTAS CORPORATION
Statement of Financial Position
As of May 31
(amounts in thousands) 2018 2017
Cash and cash equivalents $ 155.7 $ 186.3
Short-term investments 23.9
Accounts receivable, less allowance of $35 and $22, respectively 821.6 753.0
Inventories, net 297.3 295.2
Prepaid expenses 34.1 31.8
Accounts payable 232.1 194.1
Accrued compensation and related liabilities 157.7 166.6
Accrued liabilities 437.1 446.8
Debt due within one year 379.9

Required:

Compute the current ratio, quick ratio, inventory turnover ratio, and receivables turnover ratio (assuming that 50 percent of sales were on credit) for 2018. (Do not round intermediate calculations. Round the final answers to 2 decimal places.)

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