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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 $5.6 billion and Cost of Goods Sold of $3.8 billion. Fiscal Year Balance Sheet (amounts in millions) Cash and Cash Equivalents Accounts Receivable, net Inventories 2016 2015 $490 $485 760 710 305 315 Prepaid Rent and Other Current Assets 720 610 Accounts Payable 185 165 Salaries and Wages Payable 470 470 Notes Payable (short-term) 106 23 23 295 Other Current Liabilities 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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