Question: 6 E13-8 Computing and Interpreting Liquidity Ratios [LO 13-4, LO 13-5] Cintas Corporation is the largest uniform supplier in North America. Selected information from its
6 E13-8 Computing and Interpreting Liquidity Ratios [LO 13-4, LO 13-5] Cintas 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 $4.9 billion and Cost of Goods Sold of $21 blion ints Fiscal Year 2016 2015 Balance Sheet (amounts in millions) Cash and Cash Equivalents Accounts Receivable, net Inventories Prepaid Rent and Other Current Assets Accounts Payable Salaries and Wages Payable Notes Payable (short-term) Other Current Liabilities 21e$435 560 250 570 115 1e0 258310 350 230 570 110 90 Hint Print Required Assuming that all sales are on crede, compute the following ratios for 2016 (Do not round intermediate calculations. Round your Reterencesfinel answers to 2 decimal places) Current Ratio Inventory Tumover Ratio Accounts Recelvable Tunover Ratio
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