Question: Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). ____________ ________________ _2019 2018 Cash..........$ 13,606...$7,669 Accounts receivable.23,045...19,951

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

____________            ________________    _2019                   2018

Cash………………………………........……..$ 13,606………...$7,669

Accounts receivable……………………….23,045………...19,951

Inventory……………………………........……..31,087………..31,345

Other current assets…………………..……..12,522………..11,909

Total current assets……………………....…$ 80,260……...$ 70,874

Total current liabilities…………………..$245,805……...$326,203

Compute the current ratio for each year and comment on your results.

Step by Step Solution

3.43 Rating (175 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Current ratio 2019 2018 Current assets Current liabilities 80260 24580... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1202-B-C-A-E-T(311).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!