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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

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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 sales revenue of $5.7 billion and Cost of Goods Sold of $3.9 billion. Fiscal Year 2016 2015 Balance Sheet (amounts in millions) Cash and Cash Equivalents $500 $410 Accounts Receivable, net 780 730 Inventory 310 320 Prepaid Rent and Other Current Assets 735 620 Accounts Payable 190 170 Salaries and Wages Payable 480 480 Notes Payable (short-term) 108 24 Other Current Liabilities 24 300 Required: 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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