Cintas designs and manufactures uniforms for corporations throughout the United States and Canada. The company's stock is traded on the NASDAQ. Selected information from the company's financial statements follows.

Required:
Compute the following ratios:
€¢ Receivable turnover ratio (assume that all sales were credit sales)
€¢ Inventory turnover ratio
€¢ Current ratio
€¢ Cash ratio
€¢ Times interest earned ratio
€¢ Cash coverage ratio

Transcribed Image Text:

CINTAS (in millions) Current Year Last Year Select Income Statement Information Net revenue Cost of goods sold Selling, general, and administrative ex Interest expense Income tax expense Net income $4,552 2,637 1,303 72 233 374 $4,316 2,529 1,222 70 184 315 penses Select Statement of Cash Flows Information Cash paid for interest Cash flows from operating activities 65 608 69 553 Select Balance Sheet Information Cash and equivalents Marketable securities Accounts receivable Inventories Prepaid expense and other current assets Accounts payable Current accrued expenses Current portion of long-term debt Other current liabilities Long-term debt 513 352 508 251 26 150 377 505 240 121 342 102 1,300 85 1,301