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

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

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Accounting Tools For Business Decision Making

ISBN: 9781119791058

8th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell

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Question Posted: Jun 24, 2023 11:56 PM

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

Question:

Cash Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities 2025 $ 13,606 23,045 31,087 12,522 $ 80,260 $245,805 2024 $ 7,669 19,951 31,345 11,909 $ 70,874 $326,203

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