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Trim Corporation is the largest uniform supplier in North America. Selected information from its annual...

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Accounting

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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 $5.0 billion and Cost of Goods Sold of $3.2 billion. 2016 2015 Fiscal Year Balance sheet (amounts in million) Cash and Cash Equivalents Accounts Receivable, net Inventory Prepaid Rent and Other Current Assets Accounts Payable Salaries and Wages Payable Notes Payable (short-term) Other Current Liabilities $430 640 275 630 155 410 94 17 $375 590 285 550 135 410 17 265 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

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