Cintas Corporation designs, manufactures, and Implements corporate Identity uniform programs that it rents or sells to...

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Cintas Corporation 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 ROES over the past few years. Selected Information from the company's financial statements follows. CINTAS CORPORATION (in millions) Select Statement of Earnings Information Net revenue Cost of sales Selling, general, and administrative expenses Interest expense, net Income tax expense Current Year Prior Year $ 7,854.5 4,222.2 2,044.9 88.6 263.0 1,235.8 Net earnings Select Statement of Cash Flows Information Cash paid for interest 81.4 Cash flows from operating activities 1,537.6 Select Statement of Financial Position Information Cash and cash equivalents 90.5 $ 493.6 Accounts receivable, net 1,006.2 901.7 Inventories, net 472.2 481.8 Uniforms and other rental items in service 916.7 810.1 Income taxes receivable, current 21.7 22.3 Prepaid expenses and other current assets 124.7 133.8 Accounts payable Accrued compensation and related liabilities Accrued liabilities 251.5 230.8 237.0 241.5 588.9 518.9 Operating lease liabilities, current 43.9 43.9 311.6 899.1 Debt due within one year Required: Compute the following ratios for the current year: receivables turnover ratio (assuming that all sales were on credit). Inventory turnover ratio, current ratio, quick ratio, and times Interest earned ratio. Comment on the liquidity position of the company. The reported Interest expense is net of $0.2 million In Interest Income. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Receivables turnover ratio times Inventoryturnover times Current ratio Quick ratio Cintas Corporation 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 ROES over the past few years. Selected Information from the company's financial statements follows. CINTAS CORPORATION (in millions) Select Statement of Earnings Information Net revenue Cost of sales Selling, general, and administrative expenses Interest expense, net Income tax expense Current Year Prior Year $ 7,854.5 4,222.2 2,044.9 88.6 263.0 1,235.8 Net earnings Select Statement of Cash Flows Information Cash paid for interest 81.4 Cash flows from operating activities 1,537.6 Select Statement of Financial Position Information Cash and cash equivalents 90.5 $ 493.6 Accounts receivable, net 1,006.2 901.7 Inventories, net 472.2 481.8 Uniforms and other rental items in service 916.7 810.1 Income taxes receivable, current 21.7 22.3 Prepaid expenses and other current assets 124.7 133.8 Accounts payable Accrued compensation and related liabilities Accrued liabilities 251.5 230.8 237.0 241.5 588.9 518.9 Operating lease liabilities, current 43.9 43.9 311.6 899.1 Debt due within one year Required: Compute the following ratios for the current year: receivables turnover ratio (assuming that all sales were on credit). Inventory turnover ratio, current ratio, quick ratio, and times Interest earned ratio. Comment on the liquidity position of the company. The reported Interest expense is net of $0.2 million In Interest Income. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Receivables turnover ratio times Inventoryturnover times Current ratio Quick ratio