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(Solved): E13-8 (Algo) Computing and Interpreting Liquidity Ratios [LO 13-4, LO 13-5] Hope Manufacturing is t ...
E13-8 (Algo) Computing and Interpreting Liquidity Ratios [LO 13-4, LO 13-5] Hope Manufacturing is the largest unifotm 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. Required: 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.)