E13-8 Computing and Interpreting Liquidity Ratios [LO 13-4, LO 13-5) Trim 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 $5.8 billion and Cost of Goods Sold of $4.0 billion. iscal Year 2016 2015 Balance Sheet (amounts in millions) Cash and Cash Equivalents $510 $415 Accounts Receivable, net Inventories 325 Prepaid Rent and Other Current Assets 750 Accounts Payable Salaries and Wages Payable 490 Notes Payable (short-term) 110 other Current Liabilities 75e see 315 195 Required: Assuming that all sales are on credit, compute the following ratios for 2016. (Round your answers to 2 decimal places.) Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio search 70%