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 $5.2 billion and Cost of Goods Sold of $3.4 billion.

Fiscal Year	2016				2015
Balance Sheet (amounts in millions)
Cash and Cash Equivalents		$	450			$	385
Accounts Receivable, net			680				630
Inventories			285				295
Prepaid Rent and Other Current Assets			660				570
Accounts Payable			165				145
Salaries and Wages Payable			430				430
Notes Payable (short-term)			98				19
Other Current Liabilities			19				275

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 $5.2 billion and Cost of Goods Sold of $3.4 billion. Fiscal Year 2016 2015 Balance Sheet (amounts in millions) Cash and Cash Equivalents $450 $385 Accounts Receivable, net 680 630 Inventories 285 295 Prepaid Rent and Other Current Assets 660 570 Accounts Payable 165 145 Salaries and Wages Payable 430 430 Notes Payable (short-term) 98 19 Other Current Liabilities 19 275 Required: Assuming that all sales are on credit, compute the following ratios for 2016. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio 2.91 17.93 7.94