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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 $5.8 billion and Cost of Goods Sold of $4.0 billion. Fiscal Year 2016 2015 Balance Sheet (amounts in millions) Cash and Cash Equivalents $510 $415 Accounts Receivable, net 880 750 Inventories 315 325 Prepaid Rent and Other Current Assets 750 630 Accounts Payable 195 175 Salaries and Wages Payable 490 490 Notes Payable (short-term) 110 25 Other Current Liabilities 305 Required: Assuming that all sales are on credit, compute the following ratios for 2016. (Round your answers to 2 decimal places.) 001 Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio

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