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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 $4.7 billion and Cost of Goods Sold of $2.9 billion.

Fiscal Year 2016 2015 Balance Sheet (amounts in millions)

Cash and Cash Equivalents$400$360

Accounts Receivable, net580530

Inventory260270

Prepaid Rent and Other Current Assets585520

Accounts Payable140120

Salaries and Wages Payable380380

Notes Payable (short-term)8814

Other Current Liabilities14250

Current Ratio ?

Inventory Turn Over Ratio?

Accounts Receivable Turn Over Ratio?

Required:

Assuming that all sales are on credit, compute the following ratios for 2016.(Round your answers to 2 decimal places.)

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