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Wildflower Styles is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2019 fiscal year, the company
Wildflower Styles is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2019 fiscal year, the company reported sales revenue of $5.9 billion and Cost of Goods Sold of $4.1 billion. Fiscal Year Balance Sheet (amounts in millions) Cash and Cash Equivalents Accounts Receivable, Net Inventory Prepaid Rent and Other Current Assets Accounts Payable Salaries and Wages Payable Notes Payable (short-term) 2019 2018 $ 520 $ 420 820 770 320 330 765 640 200 180 500 500 112 26 26 310 Other Current Liabilities Required: Assuming that all sales are on credit, compute the following ratios for 2019. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio
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