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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
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 Cash and equivalents Marketable securities Current Year Prior Year $4,592 $4,356 2,697 2,569 1,323 1,262 112 110 253 244 414 375 85 89 708 613 553 432 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 Long-term debt 142 105 1,400 1,341 Required: Compute the following ratios for the current year: Note: Round your answers to 2 decimal places. Receivable turnover ratio Inventory turnover ratio Current ratio Cash ratio Times interest earned ratio Cash coverage ratio
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