00 E13-8 Computing and Interpreting Liquidity Ratios [LO 13-4, LO 13-5) Trim Corporation is the largest uniform supplier in North America Selected information from its annual report follows. For the 2016 fiscal year, the company reported sales revenue of $60 billion and Cost of Goods Sold of $42 billion Fiscal Year 2016 2015 Balance Sheet (amounts in millions) Cash and Cash Equivalents $53e $425 Accounts Receivable, net 790 Inventories Prepaid Rent and Other Current Assets 650 Accounts Payable Salaries and Wages Payable 510 Notes Payable (short-term) 27 Other Current Liabilities 315 335 Required: Assuming that all sales are on credit compute the following ratios for 2016. (Round your answers to 2 decimal places) Answer is complete but not entirely correct. Current m ory Tum Accounts Receive Tumor