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 2012, the company reported sales revenue of $4,102,000 and cost of goods sold of $1,648,551.

Required:

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

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CINTAS Balance Sheet (in thousands) 2012 2011 Cash $339,825 $438,106 87,220 429,131 249,658 23,481 110,279 79,834 242,691 Marketable securities 450,861 251,205 24,704 94,840 91,214 256,642 2,559 225,636 Accounts receivable Inventories Prepaid expense and other Accounts payable Accrued compensation and related liabilities Accrued liabilities Accrued tax liability Long-term debt due within one year 1,335