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E 1 3 - 8 ( Algo ) Computing and Interpreting Liquidity Ratios LO 1 3 - 4 , LO 1 3 - 5 Hope
EAlgo Computing and Interpreting Liquidity Ratios LO LO Hope Manufacturing is the largest uniform supplier in North America. Selected Information from its annual report follows. For the fiscal year, the company reported sales revenue of $ billion and Cost of Goods Sold of $ billion 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 shortterm Other Current Liabilities Required: Assuming that all sales are on credit, compute the following ratios for Do not round intermediate calculationsRound your final answers to decimal places. Current Ratio Inventory Tumover Ratio Accounts Receivable Turnover Ratio
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