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Cintas Corporation is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2013 fiscal year, the company reported
Cintas Corporation is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2013 fiscal year, the company reported sales revenue of $5.5 billion and Cost of Goods Sold of $3.7 billion.
Fiscal Year | 2013 | 2012 | ||||
Balance Sheet (amounts in millions) | ||||||
Cash | $ | 480 | $ | 400 | ||
Accounts Receivable, net | 740 | 690 | ||||
Inventories | 300 | 310 | ||||
Prepaid Rent | 705 | 600 | ||||
Accounts Payable | 180 | 160 | ||||
Salaries and Wages Payable | 460 | 460 | ||||
Income Tax Payable | 104 | 22 | ||||
Notes Payable (short-term) | 22 | 290 | ||||
Assuming that all sales are on credit, compute the following ratios for 2013. (Round your answers to 2 decimal places.) (Current ratio, inventory turnover ratio, accounts receviable turnover ratio
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