Answer Happy

Hope Manufacturing is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2019 fiscal year, the company reported sales revenue of $6.3 billion and Cost of Goods Sold of $4.5 billion 2019 2018 $ 440 85e Fiscal Year Balance Sheet (amounts in millions) 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 $ 560 900 340 825 220 540 350 680 200 540 3e 120 3e 330 Required: Assuming that all sales are on credit, compute the following ratios for 2019 (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio