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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

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 companys balance sheet follows.

SHARP (in millions)
Current Year Last Year
Select Income Statement Information
Net revenue $ 4,588 $ 4,352
Cost of goods sold 2,691 2,565
Selling, general, and administrative expenses 1,321 1,258
Interest expense 108 106
Income tax expense 251 238
Net income 410 369
Select Statement of Cash Flows Information
Cash paid for interest 83 87
Cash flows from operating activities 698 607
Select Balance Sheet Information
Cash and equivalents 549 424
Marketable securities 24
Accounts receivable 544 559
Inventories 287 294
Prepaid expense and other current assets 62 43
Accounts payable 240 139
Current accrued expenses 467 414
Current portion of long-term debt 19 44
Other current liabilities 138 103
Long-term debt 1,390 1,337

Required:

Compute the following ratios:

Receivable turnover ratio.

Inventory turnover ratio.

Cash ratio.

Times interest earned ratio.

Cash coverage ratio.

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