Hel 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 $5.7 billion and Cost of Goods Sold of $3.9 billion. Fiscal Year 2016 2015 Balance Sheet amounts in nillions) Cash and Cash Equivalents $50e $410 Accounts Receivable, net Inventories 310 Prepaid Rent and Other Current Assets 735 Accounts Payable 190 Salaries and Wages Payable Notes Payable (short-term) Other Current Liabilities 320 108 Required: Assuming that all sales are on credit, compute the following ratios for 2016. (Round your answers to 2 decimal places.) Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio co search