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

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Answer #1

Current ratio = Current assets/Current liabilities = 2225/766 = 2.90

Inventory turnover ratio = Cost of goods sold/Average inventory = 3700/305 = 12.13 Times

Account receivable turnover ratio = Sales/Average receivable = 5500/715 = 7.69 Times

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