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Cintas designs and manufactures uniforms for corporations throughout the United States and Canada. The company's stock is traded on the NASDAQ. Selected information from the
Cintas designs and manufactures uniforms for corporations throughout the United States and Canada. The company's stock is traded on the NASDAQ. Selected information from the company's financial statements follows. (assume that all sales were credit sales) CINTAS (in millions) Current Year Prior Year $ 4,552 2,637 1,303 72 233 374 $ 4,316 2.529 1,222 70 184 315 65 608 69 553 Select Income Statement Information Net revenue Cost of goods sold Selling, general, and administrative expenses Interest expense Income tax expense Net income Select Statement of Cash Flows Information Cash paid for interest Cash flows from operating activities Select Balance Sheet Information Cash and equivalents Marketable securities Accounts receivable Inventories Prepaid expense and other current assets Accounts payable Current accrued expenses Current portion of long-term debt Other current liabilities Long-term debt 513 508 251 26 150 377 1 102 1,300 352 6 505 240 25 121 342 8 85 1,301 Long-term debt 1,300 1,301 Required: Compute the following ratios for the current year: (Round your answers to 2 decimal places.) Receivable turnover ratio Inventory turnover ratio Current ratio Cash ratio Times interest earned ratio Cash coverage ratio
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