Brief Exercise 2-4

Suppose the following selected condensed data are taken from a recent balance sheet ofBob Evans Farms(in millions of dollars).

Cash	$31.5
Accounts receivable	20.5
Inventory	27.9
Other current assets	24.0
Total current assets	$103.9
Total current liabilities	$207.8

Compute working capital and the current ratio.(For working capital, enter answer in millions. If answer is negative enter it with a negative sign preceding the number e.g. -15.2 or in parentheses e.g. (15.2). Round Current Ratio to 2 decimal places, e.g. 0.78 : 1.)

Working capital	$
Current ratio		:1