Question: Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2017 2016 $12,000 $10,800 Cash Accounts receivable 22,100

Suppose these selected condensed data are taken from recent balance sheets

Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2017 2016 $12,000 $10,800 Cash Accounts receivable 22,100 20,400 Inventory 31,800 30,800 Other current assets 12,600 11,909 Total current assets $78,500 $73,909 Total current liabilities $277,500 $312,600 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) 2017 2016 Current ratio: :1 :1 eTextbook and Media

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