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.)

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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.)

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