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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

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)
Current Year Prior Year
Select Income Statement Information
Net revenue $4,592 $4,356
Cost of goods sold 2,697 2,569
Selling, general, and administrative expenses 1,323 1,262
Interest expense 112 110
Income tax expense 253 244
Net income 414 375
Select Statement of Cash Flows Information
Cash paid for interest 85 89
Cash flows from operating activities 708 613
Select Balance Sheet Information
Cash and equivalents 553 432
Marketable securities - 26
Accounts receivable 548 565
Inventories 291 300
Prepaid expense and other current assets 66 45
Accounts payable 250 141
Current accrued expenses 477 422
Current portion of long-term debt 21 48
Other current liabilities 142 105
Long-term debt 1,400 1,341

Required:

Compute the following ratios for the current year:

Note: Round your answers to 2 decimal places.

image text in transcribed

\begin{tabular}{|l|l|} \hline Receivable turnover ratio & \\ \hline Inventory turnover ratio & \\ \hline Current ratio & \\ \hline Cash ratio & \\ \hline Times interest earned ratio & \\ \hline Cash coverage ratio & \\ \hline \end{tabular}

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