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
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 2021 Cash $12,200 $10,600 Accounts receivable 22,200 20,200 Inventory 30,600 30,700 Other current assets 12,200 11,909 Total current assets $77,200 $73,409 Total current liabilities $239,000 $330,100 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) 2022 2021 Current ratio: :1 :1
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
