E13-12 (Algo) Computing Asset Turnover, Liquidity, and Solvency Ratios LO 13-5, 13-6, 13-7\ Johnston designs and manufactures uniforms for corporations throughout the United States and Canada. Selected information from the company's financial statements follows. (assume that all sales were credit sales)\ \ JOHNSTON (in millions)\ Current Year Prior Year\ Select Income Statement Information \ Net revenue $4,570 $4,334\ Cost of goods sold 2,664 2,547\ Selling, general, and administrative expenses 1,312 1,240\ Interest expense 90 88\ Income tax expense 242 211\ Net income 392 342\ Select Statement of Cash Flows Information \ Cash paid for interest 74 78\ Cash flows from operating activities 653 580\ Select Balance Sheet Information \ Cash and equivalents 531 388\ Marketable securities - 15\ Accounts receivable 526 532\ Inventories 269 267\ Prepaid expense and other current assets 44 34\ Accounts payable 195 130\ Current accrued expenses 422 378\ Current portion of long-term debt 10 26\ Other current liabilities 120 94\ Long-term debt 1,345 1,319\ Required:\ Compute the following ratios for the current year:\ \ Note: Round your answers to 2 decimal places.