Brief Exercise 13-10

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

2017

2016

Cash

$13,200

$10,800

Accounts receivable

22,200

20,200

Inventory

31,600

30,700

Other current assets

12,200

11,909

Total current assets

$79,200

$73,609

Total current liabilities

$247,500

$311,100

Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.)

2017

2016

Current ratio:

:1

:1

Brief Exercise 13-10 Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2016 2017 13,200 $10,800 22,200 20,200 31,600 30,700 Cash Accounts receivable Inventory Other current assets12.2001.,909 Total current assets Total current liabilities,S011 $79,200 $73,609 -- Compute the current ratio for each year.(Round answers to 2 decimal places, e.g. 2.12.) 2017 2016 Current ratio: Click if you would like to Show Work for this question: Open Show Work