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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

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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. Fiscal Year 2019 2018 Balance Sheet (amounts in millions) Cash and Cash Equivalents $ 560 $ 440 Accounts Receivable, Net 980 850 Inventory 340 350 Prepaid Rent and Other Current Assets 825 680 Accounts Payable 220 200 Salaries and Wages Payable 540 540 Notes Payable (short-tern) 120 30 Other Current Liabilities 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 Receivable Turnover Ratio

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