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

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

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 978-1119305736

10th edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

Question Posted: