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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 companys stock

Cintas 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 returns over the past few years. Selected information from the companys balance sheet follows. For 2012, the company reported sales revenue of $3,708,000 and cost of goods sold of $1,515,815.

CINTAS Balance Sheet (in thousands)
2012 2011
Cash $ 35,361 $ 38,927
Marketable securities 202,540
Accounts receivable 408,886 389,908
Inventories 231,748 198,011
Prepaid expense and other 15,793 15,793
Accounts payable 64,623 71,653
Accrued compensation and related liabilities 70,773 95,381
Accrued liabilities 263,521 239,076
Accrued tax liability 2,561
Long-term debt due within one year 4,156 26,665

Required:

Compute the current ratio, inventory turnover ratio, and accounts receivable turnover ratio (assuming that 60 percent of sales were on credit). (Round your answers to 1 decimal place.)

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