Johnston designs and manufactures uniforms for corporations throughout the United States and Canada. Selected information from the company's financial statements follows. (assume that all sales were credit sales) JOHNSTON (in millions) Select Income Statement Information Net revenue Cost of goods sold Selling, general, and administrative expenses Interest expense Income tax expense Net income Select Statement of Cash Flows Information Cash paid for interest Cash flows from operating activities Select Balance Sheet Information Cach and equivalents Current Year Prior Year $4,572 $4,336 2,667 2,549 1,313 1,242 92 90 243 214 394 345 75 79 658 583 522 207 JOHNSTON (in millions) Current Year Prior Year $4,572 $4,336 2,667 2,549 1,313 1,242 92 90 243 214 394 345 75 79 658 583 533 392 16 528 535 271 270 46 35 200 131 Select Income Statement Information Net revenue Cost of goods sold Selling, general, and administrative expenses Interest expense Income tax expense Net income Select Statement of Cash Flows Information Cash paid for interest Cash flows from operating activities Select Balance Sheet Information Cash and equivalents Marketable securities Accounts receivable Inventories Prepaid expense and other current assets Accounts payable Drev 7 of 8 Next work mode: This shows what is correct or incorrect for Select Balance Sheet Information Cash paid for interest Cash flows from operating activities Cash and equivalents 75 79 658 583 533 392 16 Marketable securities Accounts receivable 528 535 Inventories 271 270 Prepaid expense and other current assets 46 35 Accounts payable 200 131 Current accrued expenses 427 382 Current portion of long-term debt 11 28 Other current liabilities 122 95 1,350 1,321 Long-term debt Required: Compute the following ratios for the current year: Note: Round your answers to 2 decimal places. Compute the following ratios for the current year: Note: Round your answers to 2 decimal places. Answer is complete but not entirely correct. Receivable turnover ratio 8.60 Inventory turnover ratio 9.85 Current ratio 1.81 Cash ratio 0.70 Times interest earned ratio 7.92 Cash coverage ratio 0.70 X