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Trim Corporation is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2016 fiscal year, the company reported
Trim Corporation is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2016 fiscal year, the company reported sales revenue of $5.1 billion and Cost of Goods Sold of $3.3 billion Fiscal Year Balance Sheet (amounts in millions) Cash and Cash Equivalents Accounts Receivable, net Inventories Prepaid Rent and Other Current Assets Accounts Payable Salaries and Wages Payable Notes Payable (short-term) Other Current Liabilities 2016 2015 $440 660 280 645 160 420 96 $380 610 290 560 140 420 18 270 Requirec Assuming that all sales are on credit, compute the following ratios for 2016. (Round your answers to 2 decimal places.) Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio
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