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Cintas 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 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 returns over the past few years. Selected information from the company's balance sheet follows. For 2012, the company reported sales revenue of $3,707,800 and cost of goods sold of $1,515,915. CINTAS Balance Sheet (in thousands) Cash 2012 $35,376 2011 $ 38,916 202,546 Marketable securities 408,881 389,919 Accounts receivable 231,752 Inventories 198,017 Prepaid expense and other 15,801 15,801 Accounts payable 64,640 71,639 Accrued compensation and related 70,780 95,381 liabilities 263,529 239,079 Accrued liabilities Accrued tax liability 2,560 Long-term debt due within one year 4,148 26,660 Required: Compute the current ratio, inventory turnover ratio, and accounts receivable turnover
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