Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).

Question:

2019 2020 $ 7,669 $ 13,606 Cash Accounts receivable 23,045 19,951 31,087 Inventory 31,345 11,909 Other current assets 12

Compute the current ratio for each year and comment on your results.

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Accounting Principles

ISBN: 978-1119411482

13th edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Jan 15, 2019 07:31 AM

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Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).

Question:

2019 2020 $ 7,669 $ 13,606 Cash Accounts receivable 23,045 19,951 31,087 Inventory 31,345 11,909 Other current assets 12,522 $ 80,260 $ 70,874 Total current assets $245,805 $326,203 Total current liabilities

Step by Step Answer:

Current ratio The current ratio increased by 50 033 022 indic...View the full answer

Accounting Principles

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