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E 1 3 - 8 ( Algo ) Computing and Interpreting Liquidity Ratios LO 1 3 - 4 , LO 1 3 - 5 Hope

E13-8(Algo) Computing and Interpreting Liquidity Ratios LO 13-4, LO 13-5 Hope Manufacturing is the largest uniform supplier in North America. Selected Information from its annual report follows. For the 2019 fiscal year, the company reported sales revenue of $4.7 billion and Cost of Goods Sold of $2.9 billion 20192018580 Fiscal Year Balance Sheet (amounts in millions) Cash and Cash Equivalents Accounts Receivable, Net Inventory Prepaid Rent and Other Current Assets Accounts Payable Salaries and Wages Payable Notes Payable (short-term ) Other Current Liabilities 260585360530278128380141483808814258 Required: Assuming that all sales are on credit, compute the following ratios for 2019.(Do not round intermediate calculationsRound your final answers to 2 decimal places.) Current Ratio Inventory Tumover Ratio Accounts Receivable Turnover Ratio

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