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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

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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 $6.3 billion and Cost of Goods Sold of $4.5 billion. Fiscal Year 2016 2015 Balance Sheet (amounts in millions) Cash and Cash Equivalents $560 $440 Accounts Receivable, net 900 850 Inventories 340 350 Prepaid Rent and Other Current Assets 825 680 Accounts Payable 220 Salaries and Wages Payable 540 540 Notes Payable (short-term) 120 30 Other Current Liabilities 30 330 200 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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