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Sharp Uniforms designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United...

Sharp Uniforms designs, manufactures, and implements corporate identity uniform programs that it rents or sells to customers throughout the United States and Canada. Selected information from the company's balance sheet follows.

 

SHARP

(in millions) 

Current Year Last Year (First number is current year second number is last year)

Select Income Statement Information     

Net revenue$4,564 $4,328

Cost of goods sold 2,655  2,541

Selling, general, and administrative expenses 1,309  1,234

Interest expense 84  82

Income tax expense 239  202

Net income 386  333

Select Statement of Cash Flows Information     

Cash paid for interest 71  75

Cash flows from operating activities 638  571

Select Balance Sheet Information     

Cash and equivalents 525  376

Marketable securities —  12

Accounts receivable 520  523

Inventories 263  258

Prepaid expense and other current assets 38  31

Accounts payable 180  127

Current accrued expenses 407  366

Current portion of long-term debt 7  20

Other current liabilities 114  91

Long-term debt 1,330  1,313 

 

Required:

Compute the following ratios

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