Cintas designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout
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![CINTAS Balance Sheet (amounts in thousands) 2007 2006 $ 35,360 120,053 S 38,914 202,539 Cash Marketable securities Accou](https://dsd5zvtm8ll6.cloudfront.net/si.question.images/image/images4/72-B-A-F-S(881).png)
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Compute the current ratio, inventory turnover ratio, and accounts receivable turnover ratio (assuming that 60 percent of sales were oncredit).
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...
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