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Trim Corporation is the largest uniform supplier in North America. Selected information from its annual re 2016 fiscal year, the company reported sales revenue of

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Trim Corporation is the largest uniform supplier in North America. Selected information from its annual re 2016 fiscal year, the company reported sales revenue of $5.9 billion and Cost of Goods Sold of $4.1 billio Fiscal Year 2016 2015 Balance Sheet (amounts in millions) Cash and Cash Equivalents $520 $420 Accounts Receivable, net 820 770 Inventories 320 330 Prepaid Rent and Other Current Assets 765 640 Accounts Payable 200 180 Salaries and Wages Payable 500 500 Notes Payable (short-term) 112 26 Other Current Liabilities 26 310 Required: Assuming that all sales are on credit, compute the following ratios for 2016. (Round your answers to 2 de Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio

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