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help please Hope Manufacturing is the largest uniform supplier in North America, Selected Information from its annual report follows. For the 2019 fiscal year, the
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Hope Manufacturing is the largest uniform supplier in North America, Selected Information from its annual report follows. For the 2019 fiscal year, the company reported sales revenue of $6.3 billion and Cost of Goods Sold of $4,5 billion, 2019 2018 $ 560 $ 440 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 (short-term) Other Current Liabilities 900 340 825 220 540 120 30 850 350 68 200 540 30 330 Required: Assuming that all sales are on credit, compute the following ratios for 2019. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Current Ratio Inventory Turnover Ratio Accounts Receivablo Turnover Ratio Step by Step Solution
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