Compute the current ratio, quick ratio, inventory turnover ratio, and receivables turnover ratio (assuming that 50...

  

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Compute the current ratio, quick ratio, inventory turnover ratio, and receivables turnover ratio (assuming that 50 percent of sales were on credit) for 2018. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) CINTAS CORPORATION Statement of Financial Position As of May 31 Camounts in thousands) Cash and cash equivalents Short-term investments Accounts receivable, less allowance of $36 and $22, respectively Inventories, net Prepaid expenses Accounts payable Accrued compensation and related liabilities. Accrued liabilities Debt due within one year 2018 2017 $158.7 $189.3 24.2 824.6 300.3 34.4 235,1 160.7 440.1 756.0 298.2 32.1 197.1 169.6 449.8 382.9 Compute the current ratio, quick ratio, inventory turnover ratio, and receivables turnover ratio (assuming that 50 percent of sales were on credit) for 2018. (Do not round intermediate calculations. Round the final answers to 2 decimal places.) CINTAS CORPORATION Statement of Financial Position As of May 31 Camounts in thousands) Cash and cash equivalents Short-term investments Accounts receivable, less allowance of $36 and $22, respectively Inventories, net Prepaid expenses Accounts payable Accrued compensation and related liabilities. Accrued liabilities Debt due within one year 2018 2017 $158.7 $189.3 24.2 824.6 300.3 34.4 235,1 160.7 440.1 756.0 298.2 32.1 197.1 169.6 449.8 382.9

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To compute the sales for 2018 we can use the information given about accounts receivables Since 50 o... View the full answer