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 $4.9 billion and Cost of Goods Sold of $3.1 billion. 2016 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 2015 $420 620 270 $370 570 280 540 130 400 16 260 150 400 92 16 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