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LoU points Cintas designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. The

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LoU points Cintas designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. The company's stock is traded on the NASDAQ and has provided investors with significant returns over the past few years. Selected information from the company's balance sheet follows. For 2012, the company reported sales revenue of $3,707,100 and cost of goods sold of $1,517,015 CINTAS Balance Sheet (in thousands) 2012 2011 Cash Marketable securities Accounts receivable Inventories Prepaid expense and other Accounts payable Accrued compensation and related liabilities Accrued liabilities Accrued tax liability Long-term debt due within one year $ 35,365 38,928 408,874 231,755 15,798 64,624 70,766 263,514 2,565 4,143 202,544 389,921 198,007 5,798 71,652 95,363 239,080 26,658 Required: Compute the current ratio, inventory turnover ratio, and accounts receivable turnover ratio (assuming that 70 percent of sales were on credit). (Round your answers to 1 decimal place.) Answer is complete but not entirely correct. Current ratio Inventory turnover ratio Accounts receivable turnover ratio 6.5 2.0

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