Assuming that all sales are on credit compute the following

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Cintas Corporation is the largest uniform supplier in North America, providing products and services to approximately 800,000 businesses of all types. Selected information from its 2010 annual report follows. For the 2010 fiscal year, the company reported sales revenue of $2.6 billion and Cost of Goods Sold of $1.5 billion. Fiscal Year 2010 2009 Balance Sheet (amounts in millions) Cash $ 411 $ 130 Accounts Receivable, less allowance of $14 and $20 366 358 Inventories 169 202 Prepaid Expenses 13 17 Other Current Assets 566 563 Accounts Payable 72 70 Wages Payable 67 48 Income Tax Payable - 10 Other Current Liabilities 245 173
Required:

Assuming that all sales are on credit, compute the following ratios for 2010. (Do not round intermediate calculations. Round your final answers to 2 decimal places.)

Current Ratio:
Inventory Turnover:
Accounts Receivable Turnover:

Reference no: EM13590041

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