Question: Please answer problem #4, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Suppose these selected condensed data are taken from recent balance sheets of
Please answer problem #4, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 2021 Cash $13,400 $9,800 Accounts receivable 23,100 20,100 Inventory 30,600 30,600 Other current assets 12,800 11,909 Total current assets $79.900 $72,409 Total current liabilities $250,000 $315,600 Compute the current ratio for each year. (Round answers to 2 decimal places, eg. 2.12.) 2022 2021 Current ratio: :1
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