E13-8 Computing and Interpreting Liquidity Ratios [LO 13-4, LO 13-5] Cintas Corporation is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2016 fiscal year, the company reported sales revenue of $4.9 billion and Cost of Goods Sold of $2.1 billion 2015 Fiscal Year Balance Sheet (amounts in millions) Cash and Cash Equivalents Accounts Receivable, net Inventories Prepaid Rent and Other Current Assets Accounts Payable Salaries and Wages Payable Notes Payable (short-term) Other Current Liabilities 2016 $210 560 250 570 115 100 250 350 $435 500 230 570 110 90 310 Required: Assuming that all sales are on credit, compute the following ratios for 2016. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio