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

Question:

2022 2021 $ 13,606 $ 7,669 Cash Accounts receivable 19,951 23,045 31,087 Inventory Other current assets 31,345 12,522 11

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

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

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

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Question Posted: Jul 12, 2019 01:41 PM

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

Question:

2022 2021 $ 13,606 $ 7,669 Cash Accounts receivable 19,951 23,045 31,087 Inventory Other current assets 31,345 12,522 11,909 $ 80,260 $ 70,874 Total current assets Total current liabilities $245,805 $326,203

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Current ratio The current ratio increased by 5...View the full answer

Financial Accounting Tools for Business Decision Making

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