Cintas designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. The company's stock is traded on the NASDAQ and has provided investors with significant returns over the past few years. Selected information from the company's balance sheet follows. For 2001, the company reported sales revenue of

$2, 1 60,700,000 and cost of goods sold of $ 1 ,264,433,000.

Required:
Compute the current ratio, quick ratio, inventory turnover, and accounts receivable turnover (assuming that 60 percent of sales was on credit).

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CINTAS Balance Sheet (Amounts in thousands) Cintas Cash Marketable securities 2001 2000 $ 73,724 $ 52,182 35,140 57,640 Accounts receivable, less allowance of $8,765, $7,364 244,450 225,735 Inventories 214,349 164,906 Prepaid expense 8,470 7,237 Accounts payable 42,495 50,976 Accrued compensation 35,140 28,140 Accrued liabilities 78,308 66,218 Long-term debt due within one year 20,605 16,604