Sharp Uniforms designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. Selected information from the company's balance sheet follows.

SHARP

(in millions)

Current YearLast Year (First number is current year second number is last year)

Select Income Statement Information

Net revenue$4,564$4,328

Cost of goods sold2,6552,541

Selling, general, and administrative expenses1,3091,234

Interest expense8482

Income tax expense239202

Net income386333

Select Statement of Cash Flows Information

Cash paid for interest7175

Cash flows from operating activities638571

Select Balance Sheet Information

Cash and equivalents525376

Marketable securities12

Accounts receivable520523

Inventories263258

Prepaid expense and other current assets3831

Accounts payable180127

Current accrued expenses407366

Current portion of long-term debt720

Other current liabilities11491

Long-term debt1,3301,313

Required:

Compute the following ratios